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A comment on Economists made a model of the U.S. economy. Our debt crashed the model. Parent comment

Re:Economists made a model of the U.S. economy. Our debt cra... by bell-cot on Thursday July 17, 2025 @07:26AM (#44592067)
Yeah - but mainstream economics is far more a state religion than it is just-a-religion. The priesthood is superficially concerned with the welfare of the masses, theological consistency, etc. - but the actual priority is divining what words, doctrines, and predictions would best serve the interests of the wealthy and powerful, and regularly pronouncing those. And vehemently denouncing any heretics who get too interested in the actual welfare of the masses, or the track record of the priesthood's predictions, or other dirty truths.

So long as you have the right mindset, being a priest of a generously supported state religion is a very cushy job.

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Re:Economists made a model of the U.S. economy. Our debt cra... by braiamp on Thursday July 17, 2025 @07:33AM (#44592138)
Yeah man, we are only to serve the rich, not because we are trying to solve the problem of scarcity nor we toot about the welfare state. Stop listening to popular economists, read about the science. We've figured this out, the problem is political.
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Re:Economists made a model of the U.S. economy. Our debt cra... by andrekandre on Thursday July 17, 2025 @09:35AM (#44593235) 

  > the problem is political
it definitely is; sometimes i think the old term "political economy" was a much more suitable term cause it doesn't neglect the political part

https://en.wikipedia.org/wiki/Political_economy

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