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by engineeringwoke 2238 days ago
I'm not an academic that likes to write up econometric models with 40 years of data to make myself feel smart, so I am not so ignorant to reality.

It really is just math. Every dollar we waste today on unproductive capacities is a dollar that your children will never have.

1 comments

"I'm not an academic and have real world experience, therefore I'm right"

I don't think it works like that.

In a time where economists have a lot of soul searching to do, the realists are a good place to start.
> In a time where economists have a lot of soul searching to do

This might be true, but I don't know that there's been an obviously wrong set of recommendations yet during the coronavirus crisis. Do you have an example?

> the realists are a good place to start

This is almost certainly false - at least if you're including yourself in "realists". Personally, I'd look at the heretical economists first.