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Cake day: April 11th, 2024

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  • I agree that conflating a healthy economy with stock market growth is bogus. This misconception predates the 1970s, and is the same sort of chalkboard economics I’m talking about.

    The chalkboard:

    The results:

    That doesn’t mean that economics as a whole is bullshit. It means that monetary policy in particular has been heavily propagandized. An economist who agrees with you will find themselves unable to obtain funding and ostracized. Just like Galileo was… But it was geocentrism - not all of astronomy - that was unscientific. Science is how you know if you’re a Galileo or just a crank.

    You don’t use science to show that you’re right, you use science to become right.

    Randall Munroe

    IMHO the mask simply came off in 2008 when they bailed out the rich and not the poor. They’re pissing on our legs and telling us it’s raining. As more and more people are forced into poverty while the stock market soars, more of us are rightfully asking these questions. So what are we gonna do about it? Do you trust your savings to someone who insists that the economy is rich people’s yachts?