Then I'm afraid you don't understand how the current political system works. Truth, or perceived truth, (it's science, after all) has no ultimate bearing on whether or not the system changes for the better, that is influenced by the public opinion or layman.

One of the most frustrating things to macroeconomist, (which I am not) is conflating the normative side of macroeconomics with the positive side. And it happens all the time.

(As a side note, I’d hope no one here seeks to avoid debate or arguments! I joined this server because I like the point-by-point approach taken on the live stream. After all “an argument is just a search for truth amongst friends.” -attributed to David Hume)

My statement was more to the effect that facts don’t care about feelings.

And people may not care about your facts.

I agree, which is why I stopped engaging with them 😂

Weird way at looking at things (do you just want an echo chamber?), but I digress.

Ironically, I probably agree with their sentiment but I am not going to use lazy terminology to explain things. The Balance article they pointed out is on a site that’s generally great for layman explanations of economics and finance but it’s not like having a paper in an journal.

If the echo chamber is “we need oxygen to breathe” yeah sure. But echo chambers are about opinions not facts. One of us knew what we were talking about and the other was regurgitating something someone else had told them. I am not elitist but again I think the whole thing is not worth this level of effort.

If you were a scientist then you'd understand that something being a fact is sort of faux pas. This is like saying a theory is truth, science has evolved out of such absolutes.

If he had argued that we have now entered an era where the debt will be monetized moving forward because of additional mandates and the removal of moral hazard I would have probably gave him a thumbs up

This is essentially what my observation was above, but I took an incredibly longer time to say it, lol.

I think this is what I get for talking about economics on a law discord lol

Some of us are lurking in that echo chamber 😉

Oh, we talk about politics all the time, usually in <#771201221145919499> though.

Doesn't Social Science deal with how and why People behave (Feelings)?

And so the problems begin. The whole point is that the positive science of economics is not political.

Sure does.

Since the election was decided, it's basically a general politics sounding board now in there.

Is there a part of macroeconomics that is political sure. Were we discussing that, no.

Economics is a Social Science?

What?

Econ is considered a social science. Like psychology.

Prosecutors after Guilianis emails the house of cards is in danger

Soft science. Like chiropractic...or voodoo.

Lol.

Yes. It is not a Pure, natural, or physical science.

Yup. Like game theory (economics) or pricing theory (microeconomics).

Whenever people say economics they usually mean macroeconomics. People use other branches of economics all of the time without thinking about it.

Some universities give two different types of economics degrees - one for Bachelors of Arts and one for Bachelors of Science. I’m not sure what the difference is, probably the amount of statistics/math courses?

A huge difference.

At my university you had to take extra math to get a BSc

I’m sure there is - just unsure what and to what degree.

One is more mathematical models, the other is sort of more relative to thought.

They have the same in Psychology.

That’s interesting, I haven’t seen that yet!

But even the BAs took 3 stats classes including econometrics so I wouldn’t say they were soft on modeling.

I doubt most university students could pass an econometrics class.

Especially in Masters Programs. MA or MS in Psychology.

Idk, I’m still ticked I didn’t get a BS for my Philosophy degree. Oh, wait...

I appreciate that. I thought he also started out condescending and I didn't appreciate it. I tried to respond by explaining in more detail precisely what my definition of debt monetization was with the hopes that he would come back and say okay well that's not really debt monetization that's called something else and debt monetization is really this and the difference between what you call that monetization and what is true debt monetization is such and such. but the last the conversation did not proceed that way. Looks like he has since blocked me and now has stated that if I don't know what MMT means that I'm talking out by rear end. In which case maybe the poop emoji was the correct one to respond with. I probably should have picked the unicorn emoji instead. Live and learn.