Economics is a whole field of study. You expect me to teach a University class in a web forum thread?
You’re choosing narratives over listening to experts. I’m not an expert on economics, but I’ve learned enough to know that best case leftists are grifters, and worst case they are true believers that might actually try to implement economic policy without consulting with experts.
Finance != Economics. Financial dumbassery can impact economics and economics will improve finances, there’s a relationship but they aren’t the same thing.
People learned the long lesson from the energy crisis in the 1970s, choosing “supply side” economics, which is putting the financial sector in charge of economics, and that’s resulted in an upside down economy. People learned the wrong lesson from the energy crisis, should’ve learned to end our dependence on oil, but people got bamboozled into thinking Reagan good and Carter bad. Now we’re in a situation where we can’t make the economy function properly because half the electorate is convinced the anything other than supply side economics is literally communism, and a significant portion of other half of the electorate is becoming convinced that they should support other failed economic policies in opposition to the failed supply side policies.
Many of the economic problems we’re facing have happened before, and instead of considering those policies (trust-busting, Keynesian economics, taxes on the wealthy) you’re presented with a choice between different paths to economic failure.
Economics is a whole field of study. You expect me to teach a University class in a web forum thread?
You’re choosing narratives over listening to experts. I’m not an expert on economics, but I’ve learned enough to know that best case leftists are grifters, and worst case they are true believers that might actually try to implement economic policy without consulting with experts.
I guess we’ll need to wait and see on Mamdani.
Are those the same experts that we call to avoid the 2007 crisis?
Finance != Economics. Financial dumbassery can impact economics and economics will improve finances, there’s a relationship but they aren’t the same thing.
People learned the long lesson from the energy crisis in the 1970s, choosing “supply side” economics, which is putting the financial sector in charge of economics, and that’s resulted in an upside down economy. People learned the wrong lesson from the energy crisis, should’ve learned to end our dependence on oil, but people got bamboozled into thinking Reagan good and Carter bad. Now we’re in a situation where we can’t make the economy function properly because half the electorate is convinced the anything other than supply side economics is literally communism, and a significant portion of other half of the electorate is becoming convinced that they should support other failed economic policies in opposition to the failed supply side policies.
Many of the economic problems we’re facing have happened before, and instead of considering those policies (trust-busting, Keynesian economics, taxes on the wealthy) you’re presented with a choice between different paths to economic failure.
I’m expecting for you to say something by way of explanation. “Some Rando Lemming said so” is not going to convince anybody.
“If you cannot explain it simply, then you do not understand it.”
If you had specific questions on how things worked, then you might be able to learn something. You’re not going to learn anything by through snark.