The handwaving that typically occurs when people try to throw a layer of obfuscation into economic conversations is both disingenuous and counterproductive to actual fruitful discussion about the current state of things.
You might as well just say “money is wealth” or “what’s good for the goose”.
The reality is we’ve been chasing a short run fallacy for a really, really long time now and there’s more and more in the way of misrepresented statistics in order to keep everyone from examining all of the indirect consequences.
They are talking macroeconomics, you’re talking household economics.
Household economics are both micro AND macro.
The handwaving that typically occurs when people try to throw a layer of obfuscation into economic conversations is both disingenuous and counterproductive to actual fruitful discussion about the current state of things.
You might as well just say “money is wealth” or “what’s good for the goose”.
The reality is we’ve been chasing a short run fallacy for a really, really long time now and there’s more and more in the way of misrepresented statistics in order to keep everyone from examining all of the indirect consequences.