Recently Alex Coleman stated on twitter that he found economics ridiculous (in his defense, I specifically believe he is talking about macroeconomics – not the other 95% of economics that is not macroeconomics. Also, he probably heard an economist on the radio – we always sound a bit ridiculous floating in the media). That’s cool. A lot of tweets were written by people, most of which I won’t bother replying to as they tend to be hogwash that people throw out when they know nothing about economics but just want to attack economists – it frustrates me, and I’d rather not be frustrated right now 😉 .
However, I read these sorts of threads as sometimes people make interesting points I had not heard, or had heard before but feel like I want to consider them more. I found this comment by Danyl from Dim Post interesting in that way:
@ShakingStick I see it as a bit like medicine prior to germ theory
— Danyl Mclauchlan (@danylmc) March 13, 2014
So what does that mean? I’ll give it a go, and hopefully my discussion is in the same way he is considering it!