this post was submitted on 30 Aug 2023
152 points (100.0% liked)
chapotraphouse
13601 readers
646 users here now
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Slop posts go in c/slop. Don't post low-hanging fruit here.
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Do smart people with economics degrees every think about how people need to buy stuff to make the economy go vrrrrrrm, but people don't get paid enough to buy things?
They are too busy gaming the financial system so their bosses get richer
i have heard multiple economists on the news over the years using the nonsensical "household budget" analogy for governments
you know, the whole "austerity makes sense because when your household is broke, you should spend less money" shit
Isn't that the base of Keynesian (e.g. New Deal) economics?