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I would not overstate their complexity. State economy is different from your household budget but its understanding is well within the abilities of an average c
by thriftwy 3y ago
I would not overstate their complexity. State economy is different from your household budget but its understanding is well within the abilities of an average college graduate. The problem is that most of economy experts are in fact snake oil salesmen so they work hard to undermine that understanding while pushing their own agenda.
The fact that there are still schools of though that call for abolition of all tariffs and subsidies as inherently bad for economy is telling. That's the economy variant of belief in perpetuum mobile.
- helboi4 3y agoCan you (or anyone else) recommend reading materials for me to understand 1) how state economy actually works 2) what austerity actually is and why it does/doesn't work? As someone who was a little kid in 2008 austerity is just a mean tory boogyman that made my life more miserable and required everyone to treat people who needed social welfare subhuman but I don't really understand what the actual thinking was behind it.