It’s almost as if when the average person talks about the economy, they’re talking about metrics and dynamics that affect them, and when politicians talk about economics, they talk about a set of metrics and dynamics that the average person couldn’t give a flying fuck about, which may or may not affect them eventually. The degree to which those two sets are related is constantly in dispute, but trying to confuse the economy for the 1% as the economy for everyone else is kind of a fundamental deception that people are getting tired of. There’s no guarantee or even strong reason to believe any of our schools of thought of macroeconomics have ever been right. We’re making it up as we go along, and often times for the benefit of the upper class, not everyone else.
It’s almost as if when the average person talks about the economy, they’re talking about metrics and dynamics that affect them, and when politicians talk about economics, they talk about a set of metrics and dynamics that the average person couldn’t give a flying fuck about, which may or may not affect them eventually. The degree to which those two sets are related is constantly in dispute, but trying to confuse the economy for the 1% as the economy for everyone else is kind of a fundamental deception that people are getting tired of. There’s no guarantee or even strong reason to believe any of our schools of thought of macroeconomics have ever been right. We’re making it up as we go along, and often times for the benefit of the upper class, not everyone else.