This comes to us from computer science:
Anyway, think about a handful of macro issues:
- Trade restrictions are good.
- The minimum wage is a good way to help the poor and unskilled.
- Predatory pricing is a successful management practice.
- Americans don’t save enough.
- Government needs to subsidize firms before they can thrive.
These are all BS. And yet macroeconomists spend a lot of effort, year in year out, trying to expunge these from informed public discourse.
Via Café Hayek.