Just How Dense Is (The) Economist’s View, Anyway?

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.

About these ads

One Response to Just How Dense Is (The) Economist’s View, Anyway?

  1. Pingback: Sonic Learns Remedial Econ #1: Aggregate Demand « Rhymes With Cars & Girls

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 175 other followers

%d bloggers like this: