Rshermr
VIP Member
Conservatives stop at Econ 101 when the real complex world requires you to go through Econ 201 through Econ 505 to fully understand it.
Taking a class that explains things with 'widgets' is a theory class, no application.
Conservatives stop at Econ 101 when the real complex world requires you to go through Econ 201 through Econ 505 to fully understand it.
Taking a class that explains things with 'widgets' is a theory class, no application.
There you have it. Well said. Economics is a social science, not a science. And trying to spend your time placing the blame for everything that happens economically on any president is just plain stupid. You can look at economic theory until you are cross eyed, and not be sure if you know what happened, much less what is going to happen.
At the same time, you can look at economic history and learn a good deal, assuming you are honest about it. Problem with this board is that way too many are simply trying to back up their agenda. Many paid to do so. Which makes their statements worthless. As in this thread.
Personally, I never could get interested in Milton, and others that were self avowed Libertarians. Economists of that ilk were all the rage through the 80's, but then when they were found to be empirically wrong so often, they became about as popular as a fart in church. They went out of demand quickly, and transitioned from a position of some power to has beens rather quickly. Milton more so, as people realized that as a libertarian he was loyal to an economic system that did not exist, and never had.
I have to admit that my economics came from more centrist sources, as those in nearly all schools do. Milton Friedman would be better suited to colleges of the Liberty or Regent University ilk. Not actual colleges of higher learning, and not of learning without agenda. Years ago, the concept of teaching Libertarian economics as a leading theory died a past do death.