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48 sats \ 5 replies \ @TomK 10h \ on: What things did you have to unlearn? bitcoin_beginners
Keynesianism which they implemented in our virgin brains at university
As someone who did not study economics in school or university, are you able to please expand on this? What were the fundamentals of your curriculum that you had to unlearn?
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Oh yes. Where to start... the fundamentals of economics in academia are keynesian theories which implies a crucial function of gov intetvention. The illusion that it's possible to implement makro management successfully via the yield and spending channels. No austrian school theory, no praxeological analysis, no real mikroeconomic thinking
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virgin brains, he says!
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What made you see the flaws of Keynesianism (and consequently, the light)?