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Cake day: April 11th, 2024

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  • After the Great Financial Crisis it became clear to me that weasel word “economists” either have no idea what they’re doing, or don’t actually serve the public. These days I’m leaning more towards the latter.

    Not to say that the greats like Adam Smith were unqualified. But the legion of yes-men who have been drinking corporate kool-aid since Nixon don’t work for us. Their job is to create a convincing narrative as to why it’s OK to have a visibly unhealthy economy.

    Don’t trust unnamed “economists” in the news. Look for specific people who have predicted what the economy actually does, and listen to them.