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There's 0 real economists who hold anything close to these views. What a stupid take. Before you downvote, I ask that you find a single source that contradicts my claim. Since all liberal economics is like that, it should be easy, right?
Doesn't matter what academics think or teach when this is what happens in the real world
Examples? I would love some free billions!
Well you need to start with a bunch of billions and some billionaire friends.
Economists may not be like that, but politicians are, and they're the ones that run the economy.
Sure, but that's not what the post is about.
It seem to me like the intention was to say the economics practiced by liberals, not the beliefs of liberal economists. It's phrased ambiguously, but I prefer to interpret things generously.
you are correct and that is what all those economic theories boil down to tbh
Were you not alive during the 2008 global financial meltdown? Where the entire world had to subsidize the 1% because the banks they own sold garbage mortgages?
What about more recently with the bank runs that we had a month or so ago? The fed implented a new "insurance warranty" to make banks whole again "without using tax payer funds" but we both know that's a load of bullshit...
Now we have this never ending inflation, interest rates only going up for who knows how long... Literally siphoning your money from whatever savings you have left and if you're already broke, they are taking away any buying power you had and taking it down to nothing...
So yea, fuck whatever bullshit economic theory or whatever academic bullshit you are talking about, regardless of whatever "politics" it's tagged under... Its the 1% snatching away any and all power that the people accumulated over this covid recovery (strong labour market, practically 0 interest during peak covid, work from home, etc)
Thanks for listening to my Ted talk..
*a word
Sure, real economists don't explicitly hold those views. But the kinds of metrics and models liberal economists are fond of using basically lead to that flowchart.