Macroeconomics Is More Politics Than Philosophy

When we did all our early bodily when likesa canes and all those folks were doing their massive econometric models, they were inserting a rational agent. And so what the rational expectations guides did was very simple. They said that if the government decided to suddenly start taxing everything at a hundred %, no one would change their behavior. O i mean, that was it. The thing that i'd fun challenging about omics is that micro economics is very intuitive, and seems to be true. Macro economics does not attach itself very well to micro economics. I don't know that i necessarily want people making big policy prescriptions based on floored philosophies, flored data and their ownegenders