Questioner
Senior Member
- Nov 26, 2019
- 1,593
- 84
- 50
- Banned
- #1
Most economic predictions involve just 2 things:
1. People accepting some economic theory or axiom on the basis of "faith"
2. People blindly predicting that "if this happens, then this will happen" on the basis of said axiom.
Other than that, they're mostly noise, most of the faith-based axioms they're founded on are sketchy, wrong, or easily disproven or countered at best, the only logic is that "such and such a change" will affect something in some way, including something unseen - but other than that, the actual predictions themselves, in regards to who, what, why, or how such and such effects will happen are nonsense.
I personally am beginning to believe that economics is just astrology for ugly, sex-starved people, and not worth the digits it is calculated from.
1. People accepting some economic theory or axiom on the basis of "faith"
2. People blindly predicting that "if this happens, then this will happen" on the basis of said axiom.
Other than that, they're mostly noise, most of the faith-based axioms they're founded on are sketchy, wrong, or easily disproven or countered at best, the only logic is that "such and such a change" will affect something in some way, including something unseen - but other than that, the actual predictions themselves, in regards to who, what, why, or how such and such effects will happen are nonsense.
I personally am beginning to believe that economics is just astrology for ugly, sex-starved people, and not worth the digits it is calculated from.
