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Jackson's avatar

> "This means the claimed [number of deaths] was just kind of completely made up."

The basic axiom upon which all basic economics is founded on is this statement. Where the term they are seeking to quantify can be replaced with whatever it is you're trying to work out. It is a universal a priori syllogism so perfect you can apply the formula to anything. This ab initio sentence can be used to explain any literally meaningless economic term including (but not limited to):

- Gross Domestic Product,

- Consumer Price Index,

- Dynamic Stochastic General Equilibrium,

and many more.

A charitable view of economics (the type that say David McWilliams espouses) is that it is about figuring out what levers we can pull — or what levers are being pulled — to make people change behaviour. A realistic view on the vast majority of Economists and their graphs is that they're doing something worse than trying to figure out complex patterns from tea leaves, they're applying unflinchingly simple theories to exceedingly complex problems and using their best reckons to... well... fuck... to what? The economists themselves don't seem to benefit from their predictions, so one can only assume, using economists same logic, that they've drunk some pretty strong Kool-Aid that has been dished out by some of the worlds most reprehensible people. A great example of the unthinking nature of Economists are the lads in charge of New Zealand's Reserve Bank who a couple of weeks back, and I'm not shitting you here, suggested that "unemployment needed to rise to 5.7 percent to quell inflationary pressures, meaning another 75,000 job losses."*

What sort of psychopath can say the livelihoods of tens of thousands of people, their families, and their futures are less important than some completely made up number (inflation — which could be controlled by so many more factors other than making people unemployed)?

The answer is, of course, an economist. I have proven this by doing a study where I asked the people in the room where I am right now (n=1) if they thought all the economists they knew were psychopaths. The results were conclusive: 100% of the people (in this room) think 100% of the economists they know are psychopaths. Using a statistical model that accounts for biases, population demographics, and socioeconomic status, the author concludes that 100% of economists are psychopaths.

Give me a god damn PhD in economics. Someone. Anyone.

*https://business.scoop.co.nz/2023/04/05/out-of-touch-reserve-bank-putting-unemployment-ahead-of-wellbeing/

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Downtown Brown's avatar

If only. IF ONLY.... Everyone who had shared this clap-trap diatribe on their socials in the first place were to retract and publish the corrected information instead. Hell-to-tha-naww-naww-nawwww. You can just hear the howls of ‘you’re only looking at the mainstream science...’

Great article as always, Josh. More please!

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