you’ll laugh, you’ll cry, it’ll change your life

MACRO-ECONOMICS SHOULD NEVER BE DESCRIBED WITH AN EQUATION

It is very tempting for a certain sort of person to want to describe human behavior as a set of defined variables. AX-B=C sort of thing where changing any one of the variables changes the whole equation. The problem is that human actors do not behave in this way. People behave in a much more linear fashion. A leads to B leads to C. See also Cargo Cults.

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