Youre very niave when it comes to macroeconomics. Look, I’m a contractor for a living. One of the things I tell my customers is I pride myself in knowing what I don’t know. I know a ton about remodeling and stuff and I’m very aware of what I don’t know and that keeps me clean. For example, you say ‘Dude, I wanna expand the house this way and upsize my HVAC to handle it.’ I know how to inspect your electrical to see if it can sustain the additions. If it cannot, I know enough to know I ought not !@#$ with it and I need a grab my handy-dandy phone and call the experts because I know that I don’t know enough about electrical to call the shot and I don’t want to burn somebody’s house down because people have a way of becoming angry and not paying when you do that.
Macroeconomics is like electrical to me. I know what it is. I know a bit about it. But I don’t know enough to oversee it or manage it.
You sound to me like a guy shooting from the hip. This is very complicated stuff. My fallback on these things as an amateur historian is to think ‘ok, what was the last crisis like this’ and then go do the research on it and come up with a formula. But I cannot come up with specifics. That’s beyond me. That’s probably beyond you if you’re being genuine. So let’s not pretend economics is easy or settled science, it isn’t.
Bro, I’m gonna tell you something and I just want you to know you can still look yourself in the mirror and say ‘I’m good enough, I’m conservative enough, and gosh darn it, people like me’ if you give a liberal credit.
Man...in politics and war I can’t tell you how many disasters could have been averted if people could do that.