• Frank [he/him, he/him]
    ·
    1 year ago

    Do smart people with economics degrees every think about how people need to buy stuff to make the economy go vrrrrrrm, but people don't get paid enough to buy things?

    • WoofWoof91 [comrade/them]
      ·
      1 year ago

      i have heard multiple economists on the news over the years using the nonsensical "household budget" analogy for governments
      you know, the whole "austerity makes sense because when your household is broke, you should spend less money" shit

    • edge [he/him]
      ·
      1 year ago

      Isn't that the base of Keynesian (e.g. New Deal) economics?