21 sats \ 2 replies \ @denlillaapan 12h \ on: Bitcoin: What Does Mainstream Economics Have to Say? | Article Review BooksAndArticles
To pretty shamelessly add what Josh told me in a DM:
”I largely share bitcoiners disdain for my profession. But I don’t see the problem as fundamental to economics. The problem, as I see it, is that a lot of the profession has stopped “doing economics””
That's a nice one
I wouldn't go as far as to say the profession has stopped doing economics.
I'd say that the need for novelty has trumped common sense, but only novelty that fits within the regime-approved narratives. And of course, the demand for regime-approved novelty is driven by the need to publish.
This is how you get grad students who write papers showing that natives have more accurate views of immigrants if they live near an immigrant, and thereby idiotically concluding that the right policy is to randomly allocate immigrants to predominantly native neighborhoods.
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...among other shit that get published by grad students. Oh, man, do I have things to say about higher ed
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