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Just a reminder that professional macro-economists are paid to justify political decisions. That's the job. Find data that can arguably make this policy (made
by alphazard 1y ago
Just a reminder that professional macro-economists are paid to justify political decisions. That's the job. Find data that can arguably make this policy (made for other reasons) make sense to the voters, who have a much worse understanding of economics.
As always, the question with economists is "why aren't you rich?". You would get much better answers about macro-economic counterfactuals by going to a macro-trading firm like Bridgewater and asking the employees "what do you think would happen if..."
- whimsicalism 1y agoputting aside the fact that that is not really true about bias in the economics profession, I have good friends who are ex-Bridgewater who would agree with me... and listen to what Ray Dalio says about our fiscal trajectory.