Comment on It will trickle down any second now
InternetCitizen2@lemmy.world 1 week agobut efficient at what?
A real economics discussion should state this in the thesis. A politician might just state it and leave the reader to make up their own conclusion the way a movie never shows the monster.
Elon, and all other billionaire, wealth is for sure inflated even in the academic discussion of leverage or whatever, and yes taking out loans should be considered realizing its value and be taxed.
To be clear, I am not a capitalist or trying to be an apologist for it. Just trying to answer a question about the world we live in and the systems that make it and that we interact with.
Is the following a pipe or a representation of one? Is the share money? What about the GDP.
Saarth@lemmy.world 1 week ago
Yeah i guess when you stop looking at GDP as a real fact about the real world, then it makes more sense. That’s funny 😂
InternetCitizen2@lemmy.world 1 week ago
It is weird, because it is not real, but the things its trying to observe are. Economics as a whole is also not as air tight as real science. Tho it seems to be trying. Just keep asking what is trying to be understood and why the figures presented represent the subject matter.
Think of how we measure the brightness, distance, and size of stars. We only have proxies that we can then calculate other values of interest. Economics is a lot of that with some human irrationality in the error bars as well.