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I find that people who fling around the term “basic economics” rarely have a good understanding of economics, usually basing their opinion on overly simplistic
by OGWhales 3y ago
I find that people who fling around the term “basic economics” rarely have a good understanding of economics, usually basing their opinion on overly simplistic ideas that don’t reflect reality.
Many of the things mentioned in the article, specifically causes of inflation, are talked about by other economists. This tells me your idea that “anyone with some background in basic economics” are all in agreement (with you) is wrong.
Feel free to share a proper criticism, there is a decent amount you could discuss from the causes of inflation to her potential solutions. That would make for a more interesting discussion than hand-waving the entire article as “pure trash”, which I don't think is a fair description of the article even if you disagree with Weber.