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According to modern macroeconomics, people are omniscient, and will see past fake statistics. Also, recessions can't be predicted, because everyone is smart eno
by wisty 15y ago
According to modern macroeconomics, people are omniscient, and will see past fake statistics. Also, recessions can't be predicted, because everyone is smart enough to prevent them.
- adrianscott 15y ago"People are omniscient" -- one of several false assumptions that lead to unrealistic results from the theories (and disaster/losses to banks/investors/govt's who base their actions on them)
- erichocean 15y agoHe was being sarcastic.