This should be taken as proof that economics is about defining a political world view, and not about explaining what actually happens. As such it's a closed lo

This should be taken as proof that economics is about defining a political world view, and not about explaining what actually happens. As such it's a closed loop of ideology, which makes it a predictably terrible source of bad policy. Texas isn't just a solvable problem, it should have been an avoidable problem. But when your premises are wrong, your ethics are questionable, and your biasses are brittle and never challenged - this awful utter state of Texas is what you get. Variations will keep happening until these beliefs are finally discredited and replaced with models that not only have genuine predictive power, but also a solid record of preventing problems instead of causing them.