We’ve had 3 “once in a lifetime” financial meltdowns in like 25 years now.
Our banks need bailing out like every 10 years.
The arrogance of thinking that we’ve figured out the economy even in the Newtonian sense is part of why, I think.
Like, I hear you, but at the same time it just doesn’t align with even the broadest observations.
And when a theory doesn’t align with observed data, I have to be critical of the theory…
I’m interested in if you can expand your explanation to account for it, though. It’s super low stakes and I don’t think it’s really possible to prove any of it so I think it’s a great subject for thought experiments.
We’ve had 3 “once in a lifetime” financial meltdowns in like 25 years now.
Our banks need bailing out like every 10 years.
The arrogance of thinking that we’ve figured out the economy even in the Newtonian sense is part of why, I think.
Like, I hear you, but at the same time it just doesn’t align with even the broadest observations.
And when a theory doesn’t align with observed data, I have to be critical of the theory…
I’m interested in if you can expand your explanation to account for it, though. It’s super low stakes and I don’t think it’s really possible to prove any of it so I think it’s a great subject for thought experiments.
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