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Yeah - it always amuses me to read these long detailed arguments on these threads from people who seem to not have understood basic macroeconomics.
by arvinds 15y ago
Yeah - it always amuses me to read these long detailed arguments on these threads from people who seem to not have understood basic macroeconomics.
- scrollbar 15y agoEcon isn't a science. There are schools of economic thought that completely contradict "basic economics" taught in schools today, and you can't possibly prove that one or the other method is correct. Hence, Economics: the dismal science.
- arvinds 15y agoI have to disagree here. Yes there are schools of thought, but questions like "how does a market work?", "what causes deflation?" are pretty well studied and agreed upon. This is one of those very basic settled questions with a very clear accessible explanation.