To be fair, economics is not intuitive. Half of it is built out of unicorn dust and human imagination. How else would bitcoin even exist? For those of you who are economists and love the money side, vs the behavioral side, that’s great, we need people like you to explain it to the rest of us.
I work with a real system that will still exist no matter what happens with politics or money, so it takes work, for me. That said, tariffs and inflation are not difficult concepts provided you simply take the time to learn.
I know someone who lost their job in December due to tariffs anticipation, and they were not alone in that group of layoffs. The effects are there even if you fail to learn the reasons.
Half of it is built out of unicorn dust and human imagination.
Economics is applied psychology at scale hiding behind the idea of math and using “businesses” and “markets” to depersonalize their findings and play pretend at describing natural laws. All it’s really describing is the behavior of people, and a wildly nonrepresentative subset of people at that.
Honestly I’m dumb as hell, and when I didn’t understand something I just trust my friends who I know share my values. MAGAs seem to have decided they trust Trump over their children, for the most part.
For extra sad - what is economical is more intuitive bcs it’s not just a human skill, it’s a skill nature forces all species into in one way or the other.
‘Economics’ (the human science) however adds so many extra steps, scales, and logistics that is def not immediately intuitive (even in the simple cases when it is).
In both cases there is a certain element of future uncertainty so risk management is essential.
To be fair, economics is not intuitive. Half of it is built out of unicorn dust and human imagination. How else would bitcoin even exist? For those of you who are economists and love the money side, vs the behavioral side, that’s great, we need people like you to explain it to the rest of us.
I work with a real system that will still exist no matter what happens with politics or money, so it takes work, for me. That said, tariffs and inflation are not difficult concepts provided you simply take the time to learn.
I know someone who lost their job in December due to tariffs anticipation, and they were not alone in that group of layoffs. The effects are there even if you fail to learn the reasons.
Economics is applied psychology at scale hiding behind the idea of math and using “businesses” and “markets” to depersonalize their findings and play pretend at describing natural laws. All it’s really describing is the behavior of people, and a wildly nonrepresentative subset of people at that.
I’m of average intelligence so if I can understand it, so can they.
Honestly I’m dumb as hell, and when I didn’t understand something I just trust my friends who I know share my values. MAGAs seem to have decided they trust Trump over their children, for the most part.
He probably shares more of their values, to be fair…
It’s not that complicated that when a company with thin margins has to pay a tax, they have to pay it on to consumers.
Your finance department doesn’t care about the difference between a more expensive part due to scarcity vs a more expensive part due to a tax.
For extra sad - what is economical is more intuitive bcs it’s not just a human skill, it’s a skill nature forces all species into in one way or the other.
‘Economics’ (the human science) however adds so many extra steps, scales, and logistics that is def not immediately intuitive (even in the simple cases when it is).
In both cases there is a certain element of future uncertainty so risk management is essential.