Just How Dense Is (The) Economist’s View, Anyway?
April 12, 2011 1 Comment
Mark Thoma, the person on the internet who states (the/an) “Economist’s View”, complains:
Millions of people still unemployed, and all we are worried about is the long-run budget and what might happen years from now.
I can only conclude that Mark Thoma, the internet’s Economist, can’t conceive of there being any connection whatsoever between (1) the long-run budget and what might happen years from now (vis-a-vis government fiscal and monetary policy), and (2) how many people are currently unemployed. That’s why no one worried about (2) is allowed to worry about (1).
Under the hypothesis that Mark Thoma, Economist, does indeed speak for the current state of Economics as a field, I would be forced to conclude that Economics is idiocy squared.
Of course, we are not bound by that hypothesis.