@PhoneBoy Mainstream (i.e. neo-classical) economics is rife with models that "prove" only what they assume to begin with. Hence, we have Paul Krugman in 2009 claiming that we'd be recovered from the crisis in 12 months if congress passed the stimulus package and 18 months if they didn't...because his models assume that the economy naturally recovers from crises. We got the stimulus package and it took over 7 years to kinda-sorta recover. Krugman, of course, still uses the same model. 🤦♂️
The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!