universalequalityisinevitable:
David Suzuki, from this video.
An economics professor I had, former president of the retail arm of AT&T, basically said, time and time again, “none of this is real, economics is fake.”
Economics is not science, it is not Logic, or Mathematics. It is educated guesses based on incomplete knowledge and hearsay.
He showed us things daily that according to logic and according to theories of economics that he taught us would have a predictable outcome, but those logical equations and economic theories were proved 100% wrong in the marketplace. Disastrously wrong. Hilariously wrong.
He said it’s all spin, it’s all snake oil. Make up what you want. Create whatever theory you like but in the end the marketplace and the consumer will decide what works and what fails. All economists really do is scramble to come up with a seemingly logical and somewhat plausible reason WHY it all went the way it went.
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