Re:Economists don’t understand much about the macroeconomy
by samirillian on Thursday September 19, 2019 @09:21AM
(#21015869)
> [Look at] the role of the bond rating agencies in 2008, which is completely unreformed. Why would that be? Well, there must be a lack of consensus.
I think we have a an obvious reason for the lack of consensus here, which is cognitive/regulatory capture. You'll always find someone willing to muddy the waters for a little cash and some sort of career advancement. Economics is the ideological science _par excellence_.
I think we have a an obvious reason for the lack of consensus here, which is cognitive/regulatory capture. You'll always find someone willing to muddy the waters for a little cash and some sort of career advancement. Economics is the ideological science _par excellence_.