It's because economists don't understand politics or that politics matters.
If you do something unpopular, you lose, and then the economic outcome is worse. Economists do not understand this. They say, "why do politicians do things bad for the economy?"
Because the stakes are high. People might die, people WILL protest. Hard to have a good economy when nobody is working, huh?
Look, there's a lot we can do, right now, to "save" our national debt. Get rid of the military. Get rid of medicaid and SS. Matter of fact, just dissolve SS and pocket all the money.
But when bodies start piling up in the streets because we have nothing for old people, and I can't drive to work because there's too many rotting corpses on I-90, we might have some more economic issues.
Economists, in their supreme naivety, believe costs get removed. No, they get moved. What happens if you move them somewhere where they can't be paid?
If you do something unpopular, you lose, and then the economic outcome is worse. Economists do not understand this. They say, "why do politicians do things bad for the economy?"
Because the stakes are high. People might die, people WILL protest. Hard to have a good economy when nobody is working, huh?
Look, there's a lot we can do, right now, to "save" our national debt. Get rid of the military. Get rid of medicaid and SS. Matter of fact, just dissolve SS and pocket all the money.
But when bodies start piling up in the streets because we have nothing for old people, and I can't drive to work because there's too many rotting corpses on I-90, we might have some more economic issues.
Economists, in their supreme naivety, believe costs get removed. No, they get moved. What happens if you move them somewhere where they can't be paid?