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This simplistic brand of economics is killing us. It is infecting otherwise intelligent people and causing wholesale policy mistakes that is hurting everyone.
by clavalle 12y ago
This simplistic brand of economics is killing us. It is infecting otherwise intelligent people and causing wholesale policy mistakes that is hurting everyone.
It is the equivalent of taking a physiology course and diagnosing your friends' medical conditions -- it is not that simple.
There is a whole system that needs to be taken into account and simple models, while useful in a limited sense, do not even come close to creating an accurate picture of reality.