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by florencebuzz
2039 days ago
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Wild false equivalency. Markets don’t react to mere knowledge of them, like in your magical thought experiment. Markets react to actions determined not by the knowledge itself but by discrete reactions to the knowledge called thoughts. If economists hadn’t given up on knowledge oh about a century ago or so, we might not be so addicted to this pattern of spiraling anti-intellect. |
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My comparison is intentionally exaggerated. The post claims that it doesn't matter what reason the doctor has for telling you a lie, that it's just obviously wrong. I think this is ludicrous. If it's sometimes permissible for a doctor to lie, then it might also be permissible for an economist to lie.
I don't really follow the rest of what you're claiming, perhaps because you're responding to some point that I haven't made. In particular you seem to have a bone to pick with economists, and this is very vague:
> Markets react to actions determined not by the knowledge itself but by discrete reactions to the knowledge called thoughts.