Comment by bko
2 months ago
Wouldn't this be the equivalent of telling someone "before you try and build a business, try to take some business courses and learn how business works. Perhaps even an MBA".
2 months ago
Wouldn't this be the equivalent of telling someone "before you try and build a business, try to take some business courses and learn how business works. Perhaps even an MBA".
Most of the business is in the not-numbers stuff. If DOGE is specifically trying to fix the numbers, then it's far more important that they specifically are experts in numbers.
Not quite, because a successful business could be as simple as a lemonade stand. Government finance, on the other hand, is an exceptionally delicate game of safely maximizing spending to stimulate economic growth (and therefore future tax revenue).
The vast majority of government spending is not about growth and isn't an investment. It is about placating voters and interests groups.
Arguably positive budget categories like Education, research, and infrastructure make up a miniscule part of the overall pie.
Interestingly, China, who does capitalism better than the west, is not very concerned about short term voter happiness or placating special interest groups. So it's not a given that government spending must be constrained by historical assumptions, or that that model is even optimal.
I'd say many of the moves towards autocracy in the west are pointing in that direction, for better or worse.
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Yet nobody with an economics degree is in control of government spending. Funny that
That’s actually just categorically wrong and frankly easy to find out. First of all the one that jumps to mind is AOC, but also just in general apparently econ is the third most popular study for congress members, behind politics and law.
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…do you actually think there are no economists working on the US government's federal budget? Is that a serious belief of yours?
"Democracy is the theory that the common people know what they want, and deserve to get it good and hard." - H.L. Mencken
Wake me when a majority of actual US voters would pick someone based on their educational qualifications for the job.
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