• lolcatnip@reddthat.com
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    1 year ago

    Economics is great at coming up with plausible sounding stories about why things happened, but that doesn’t mean those explanations are correct. The fact that the same theories lead to incorrect predictions is a strong indicator that the explanations are wrong, too.

    Or to put it more bluntly, most of the field of economics looks a lot like a pseudoscience.