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> It almost feels as though economics discussion is made complicated on purpose Mostly because finance as much as financiers desperately want it to be a scienc
by danielschonfeld 5y ago
> It almost feels as though economics discussion is made complicated on purpose
Mostly because finance as much as financiers desperately want it to be a science it isn’t. For the most part they’re guessing in the dark and presenting it like hard science, using baselines that are very generic and seeing if their associated metrics change all the while speaking in cryptic language.
Good example is Greenspan’s one number to rule them all.
In general I’ve noticed the same behavior in life too, whenever people start speaking in overly complex ways they’re usually (though not always) masking incompetence in the subject matter.
This article in general felt more like a forced down your throat PSA than anything else. Don’t worry it’s not foreign countries owning your future, it’s your own retirements at work for you. Your country working for you. There’s a name for that, propaganda.
The article didn’t really explain anything about debt, it just used government publications to recite to you how the government segregated the owners of US treasuries. Same as when an analyst will tell you what kind of institutions own AAPL. Hint: the same.
- candiodari 5y agoTbh, it's also because it's much more a political compromise than it is a solution to a scientific problem. It's complex because of competing interests disguised ideologies (and occasional actual ideologies), not because the science is hard.
- jvanderbot 5y agoI appreciate your comments and agreeable insight about needless complexity, but I'm tempted to read this as "I don't understand it either, so they must be idiots". I agree it could be better presented, but a sibling comment actually presents this in a way that makes more sense than OP, but without disparaging the whole field.