Another naive economics question: what is the bad thing that happens if we quadruple the deficit, or the national debt? And what is the nature of the connection here, if any, between economic theory and observed reality?
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The fact that the field of economics can't agree on foundational questions ("what is money") and sound like innumerate idiots when they venture into epidemiology makes me think this entire branch of social science is a scam. But I want to believe. Show me!
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Replying to @Pinboard
Do you know any field that can agree on foundational questions
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Replying to @TyphonBaalAmmon
You don't often hear debates about whether an electron functions as "a store of charge" or is a replacement for a more primitive means of directly exchanging electromotive force
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Replying to @Pinboard @TyphonBaalAmmon
Maybe not the best example given physicists can't even give you a straight answer on whether one is a wave or a particle.
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They can give you an absolutely unambiguous answer on that. You just need some to learn some math to understand it.
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