3 ms·
> other side effects (unemployment!) It was startling to see discussion of interest rates that talked about how increasing unemployment brought down inflation -
by gilleain 3y ago
> other side effects (unemployment!)
It was startling to see discussion of interest rates that talked about how increasing unemployment brought down inflation - almost as if it was a good thing to increase unemployment...
Sometimes people think of these abstract models of human systems as if the system itself is the important thing, not the humans that make it up. Like considering social systems as 'Darwinian' without considering that 'survival of the fittest' implies 'death of the unfit'.