Economists made a model of the U.S. economy. Our debt crashed the model

Re:Economists made a model of the U.S. economy. Our debt cra... by Workaccount2 on Thursday July 17, 2025 @10:00AM (#44593534)

I'm sorry but I think you have a lot of misguided confusion here. Climate modeling encompasses everything from the weather tomorrow to scientists telling us back in the 80's to cut CO2.

Economics modeling is the same way. From how to price your lemonade at your kids stand to how to size government stimulus.

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Re:Economists made a model of the U.S. economy. Our debt cra... by _heimdall on Thursday July 17, 2025 @10:20PM (#44600550)

I wasn't arguing anything about climate modelling, only weather predictions.

Regardless, modelling can be interesting to use as an indicator for future research but modelling is never scientific, or more specifically its never scientific in a way that is in anyway meaningful in the real world. A model isn't testing against reality and only ever factors in the conditions someone though to include and deemed relevant, and those factors are only as useful as the person's ability to accurately code them in.

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