This question reminds me of the computer scene from “Willy Wonka”. https://youtube.com/watch?v=tMZ2j9yK_NY https://youtube.com/watch?v=tMZ2j9yK_NY I’m imagini

This question reminds me of the computer scene from “Willy Wonka”. https://youtube.com/watch?v=tMZ2j9yK_NY https://youtube.com/watch?v=tMZ2j9yK_NY I’m imagining the computer guru presenting his plan to Congress: “my 100% infallible computer model says here’s what the tax law should be. Please overhaul society now and make sure you don’t let any of your prior opinions cloud your judgement now that the computer has told you what’s best.” Computational models are models: they work best with systems we already basically understand the rules to or can at least approximate. Like weather or physics. Economics is a social science. Economies are incredibly dynamic systems because they’re made of people. Every change to the system causes the participants to change their behavior. People are significantly more complicated than Game Of Life gliders. A model that can correctly simulate the economy requires strong AGI or magic, neither of which have been invented yet.