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I understand that one can argue semantically whether advisors are "setting policy", but that's not a productive thread to follow, because it isn't relevant to m
by SantalBlush 3y ago
I understand that one can argue semantically whether advisors are "setting policy", but that's not a productive thread to follow, because it isn't relevant to my point. We are all aware that macroeconomists aren't voting "aye" and "nay" in the capitol, and it's a dishonest representation of my comment to ever pretend that I was suggesting that. Anyone who is interested in a good-faith discussion around here is perfectly capable of understanding my point and responding with a substantive comment, just like those who want to argue for argument's sake are able to intentionally misunderstand.
Have a good day.
- danielmarkbruce 3y agoIt's not a semantic issue, in practice the comment you responded to is more correct than not. The "in 101" etc comment is condescending, and more wrong than right. There are two fairly distinct realities - economists are in fact calling the shots at central banks, usually, and the analysis is more complex. But the rest of policy setting is not, and it's the majority.