and if you build models on false assumptions, you get bad predictions and understandings of the world

Interesting. But their role as an "economists" lets people believe their word is more accurate?

yes

absolutely

to be fair, theres a lot of good "schools" of economics out there

its just that the majority of economists subscribe to a *particular* ideology

which is provably false

The worst part is that people tend to set their ideas in stone in combination with their social identity. So even if you prove them wrong it doesn't matter.

exactly

stop being so smart

you know in 2007/2008, all these economists said no crisis was coming

then when the crisis came

the few economists who did predict the crisis, came out and described their beliefs and models which lead them to be so successful

and because those models disagreed with mainstream models

mainstream economists ignored them

y’all

stuck their head back in the sand

So... is there any solution to this? How can we as a nation move forward if relatively educated people call themselves intellectuals and make such poor predictions and warnings?

I guess that is probably a tough question though.

dude, you keep nailing the problem on the head

Oh man lmfao

The man in the far back is great

Incredible core strength

very committed to the head in the sand project isnt he

but yes, your question is answered by me saying "we cant move forward economically given the people in control have a backwards understanding of how the economy works"

we've been sliding for decades now

and until we get better rulers, i see more of the same happening

trump may actually be a step in the right direction

he's bringing trade as a topic back into the fore

maybe people will go and study it more

but trump's policies themselves are mostly harmful

so maybe it just sets us back as people go "see trump's policies triggered a recession!"

"free trade gooddddddd"

"tariff bad"

"free trade gooood, tariff baaad"
like zombies with guts full of jonestown koolaid

The result of a lack of care

Well, in the opposite I mean.

and hence a laziness to do any research

Well it is so much easier to hear someone else say it. Now we have people living vicariously through "smart people" like the jewish fellow.