Economics And The Conversation

I think that I'm going to stop talking about economics. I do have some background in it, but econ has become much like politics in that everyone has an opinion. My background is worthless against an asshole. The Wall Street Journal is seeing big increases in sales, and it's not because we have more bankers being born. EVERYONE is an economist these days. Because, like, reading the Journal is like being there. Like, yeah.

That's one of the reasons why I hate Austrian economists (the school, not the country). They reject most econometrics, which is the only thing that gives any structure to the conversation! This likely explains why most armchair economists are conservatives. You don't need credentials or evidence when your official position is that credentials and evidence are useless!