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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 the_af on Thursday July 17, 2025 @01:14PM (#44595619)
And which is the right course of action that economy "tells us" to do, but people don't like what it says?

I believe economics is inherently political and it cannot be divorced from its political goals, so that means it's not clear cut which is the "right" course of action, unless you define those goals (and it's probably unavoidable a subset of people will disagree with them). Something like decreasing inflation is not, by itself, a political goal.

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Re:Economists made a model of the U.S. economy. Our debt cra... by Workaccount2 on Friday July 18, 2025 @12:17AM (#44601154)
Our country needs to raise taxes and cut spending. The excess money used to pay down debt.

Instead we will almost certainly inflate away our debt, which will mean mostly suckers who don't have equities or assets will pay for it (read: lower class).

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