3 ms·
Well that is the beauty of economics. The system is so complex that you can claim causation wherever you want and find some data to point to. I honestly don't
by _heimdall 3y ago
Well that is the beauty of economics. The system is so complex that you can claim causation wherever you want and find some data to point to.
I honestly don't get how economics is considered a science or predictive. At the highest level its still largely driven by trying to play psychological games to "nudge" consumers and investors in a certain direction. There's no prediction there, and a science that couldn't, for example, predict that printing $4T would cause inflation isn't really very scientifically accurate with its predictions.
- _3u10 3y agoIt used to be call political economy or at least that's what I've been told. It's more like human psychology to be honest.