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Economics is theoretical. Nobody believes it perfectly describes the real world. No model is correct, but all models are useful. As well, nobody said economi
by refurb 4y ago
Economics is theoretical. Nobody believes it perfectly describes the real world. No model is correct, but all models are useful.
As well, nobody said economics happens on an instantaneous timescale. Those trends can still happen, but take weeks, months or even years to play out.