this post was submitted on 24 Sep 2025
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so many things are going on that seem to violate the bullshit i learned in economics school that i am having trouble processing this reality as real, even though i know it is. it's unsettling
Which school of economics did you learn?
bullshit mostly. i was a micro guy not a macro guy.
the thing is that a lot of economics that you probably learned actually was true in the 20th century. just that the laws of physics - which we always thought were constant, unchanging, unyielding - are suddenly changing; and that's hard to deal with.
it's like, we always assumed that energy is always conserved. we can move it, burn it, consume it, but then it's gone. it doesn't come back. now we have renewable energy, and it's breaking people's brain. conservatives in the US still think that renewable energy cannot possibly work and must be a scam because energy is always conserved, it cannot be generated anew.
even back then the best macro model we had (that was anything quantifiable) was only 40% accurate so what i learned was only a bit true.