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Even the IMF concedes that “An important feature of an economic model is that it is necessarily subjective in design because there are no objective measures of
by BMc2020 3y ago
Even the IMF concedes that “An important feature of an economic model is that it is necessarily subjective in design because there are no objective measures of economic outcomes. Different economists will make different judgments about what is needed to explain their interpretations of reality.”
I've noticed 'different economists' have a judgement that always aligns with what the rich want. Supply side anyone? Tax cuts for the rich? Reagan proved deficits don't matter?