2 ms·
> One issue with economy as a science is that it's a very soft science at best and just pseudoscience at worst. Theoretical physicist Richard Feynman once stat
by throw0101c 6mo ago
> One issue with economy as a science is that it's a very soft science at best and just pseudoscience at worst.
Theoretical physicist Richard Feynman once stated “Imagine how much harder physics would be if electrons had feelings.”
There are falsifiable ideas and programs in economics—tax cuts paying for themselves, expansionary austerity, tariffs, etc—that are tried regularly:
* https://en.wikipedia.org/wiki/Kansas_experiment https://en.wikipedia.org/wiki/Kansas_experiment
* https://en.wikipedia.org/wiki/Expansionary_fiscal_contraction https://en.wikipedia.org/wiki/Expansionary_fiscal_contractio...
* https://en.wikipedia.org/wiki/Tariffs_in_the_Trump_administration https://en.wikipedia.org/wiki/Tariffs_in_the_Trump_administr...
The fact that the results of these experiments are ignored is hardly the fault of the those making correct predictions with correct models.