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Most economists have no idea how monetary policy or macroeconomics works.
by andreilys 4y ago
Most economists have no idea how monetary policy or macroeconomics works.
- arcticbull 4y agoThat's a great opinion, but even if so - you know who has less idea? You and me. And you know who has even less idea? Some random corn farmer. So why on earth would you advocate for the people who know the least about a topic to make the decisions? It's bananas. There's no janitorial staff on Apple's board. There's no cooks on the Facebook board. There's no software engineers on the Twitter board. At least in industry we've - more or less - accepted that the folks with the relevant experience should be making the relevant decisions. This should be no less true in governance.
- charcircuit 4y ago>There's no software engineers on the Twitter board Yes there is. 3 out of the 11 members the board are clearly software engineers.
- arcticbull 4y agoFormerly, not actively. Now they do things like sit on boards.
- uf00lme 4y agoI don’t think that training leaves your system, as much as you sometimes might want it to.
- andreilys 4y agoEconomists cause more harm than good, id rather they be not in charge of anything important and left to play in an Academic sandbox and publishing papers nobody will read.