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At least stop calling it a science if you can't make testable predictions. And especially stop pretending that the neoliberal policy is based on anything resemb
by jampekka 3y ago
At least stop calling it a science if you can't make testable predictions. And especially stop pretending that the neoliberal policy is based on anything resembling science.
How is MMT any more bullshit than the mainstream that fails constantly?
- MrRolleyes 3y ago[dead]
- huitzitziltzin 3y agoTestable predictions are part of the game. Helpful explanations are another. (Philosophy of science has moved on since Popper!) MMT is bullshit. Total and complete bullshit. That’s a bigger topic than I have time or space for. You can’t even get those clowns to commit to anything their theory implies at all! Every time an obvious objection is raised they say “oh well that’s not what we mean!” Yeah ok so tell us what you DO mean. Sorry but MMT is extremely frustrating. It’s not even playing the same game as normal macro. It as as much a “competitor” to standard macro as astrology is to astronomy. Like astrology, it has essentially nothing to do with reality.
- deleted 3y ago[deleted]
- jampekka 3y agoContinuing along your style of argumentation, mainstream macro, and most other economics, is to economomy what the clergy was to feudal rule. That's probably also its main epistemological justification. Very helpful for few indeed. And strayed quite a bit from Popper.