Comment by belter
6 hours ago
Predictable...but are those aholes wrong...? :-) https://news.ycombinator.com/item?id=44013692
Economics violates Popper demarcation criterion. Economic theories can't be falsified because you can't run controlled experiments on economies, rewind history, or isolate variables.
When models fail, economists adjust assumptions ...
Unfalsifiable = Unscientific.
Neither are litterature and peace.
They are not pretending to be sciences.
> When models fail, economists adjust assumptions ...
When models fail, physicist adjust hypotheses ...
Physics can test those hypotheses under controlled conditions...
Not always/limited in some areas (astrophysics come to mind where we, e.g., cannot (yet) create a star under controlled conditions). Testing hypotheses or predictions vs observations is also a valid method.
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Argentina managed to save itself from hyperinflation by drastically cutting spending. By your logic, this could not be in the least bit predictable and inflation as a phenomenon doesn't even matter.
Supposing it did was fairly predictable that not setting money on fire would help recovery, what does it matter that there is no controlled scientific experiment involved? Or to put it another way, are there no facts to be gleaned from data?
Argentina didn't manage shit, else they wouldn't have to be bailed out by the Trump admin. This should come as a surprise to no one, "General AnCap" may have artifically and temporarily given the impression of good numbers by destroying his country's public infrastructure, but this is at the direct cost of the future. Now they're starting to pay the price.
> Argentina didn't manage shit
You're deflecting. Curtailing inflation was an outcome of policy. The U.S. had fuck-all to do with it. Unless you're willing to acknowledge something so basic there's nothing else to say to someone disinterested in good faith discussion
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Do you think Poppers demarcation criterion is falsifiable?
It is not falsifiable because it is not a hypothesis but a framework for recognizing science.
Rejecting Popper for that is like rejecting reasoning itself because you can’t run a control experiment on it...but then one turns into an economist...
Nice use of recursion...