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I was naming groups of people who have strong, ideological, mutually contradictory theories about finance. Anyway, it's a stretch to call inflation/deflation fe

I was naming groups of people who have strong, ideological, mutually contradictory theories about finance. Anyway, it's a stretch to call inflation/deflation fearmongers, Randists, and the money-is-debt gallery "economists". We only have vague understandings of the macroeconomics of finance, so that stuff isn't really worthwhile to people not interested in economics.

jeromec 17y ago
> We only have vague understandings of the macroeconomics of finance, so that stuff isn't really worthwhile to people not interested in economics. Maybe that is precisely why the Great Depression, this current mild depression/steep recession, and other financial messes throughout history catch people who "only have vague understandings of the macroeconomics of finance" by surprise.