Category: trumpsterfire

Why Rural America Voted for Trump

Why Rural America Voted for Trump

“The difference between Republicans and Democrats is that Republicans believe people are fundamentally bad, while Democrats see people as fundamentally good,” said Mr. Watts, who was in the area to campaign for Senator Rand Paul. “We are born bad,” he said and added that children did not need to be taught to behave badly — they are born knowing how to do that. “We teach them how to be good,” he said. “We become good by being reborn — born again.” He continued: “Democrats believe that we are born good, that we create God, not that he created us. If we are our own God, as the Democrats say, then we need to look at something else to blame when things go wrong — not us.”

That’s not actually what Democrats believe.

Donald Trump’s trade team has based their analysis on a remarkably silly mistake

Donald Trump’s trade team has based their analysis on a remarkably silly mistake

Reading this, you might wonder why it is that in the real world, economists actually do try to develop complex computer models of the economy. The answer is that the alternative method Ross and Navarro are proposing doesn’t even remotely work.

This is 101ism. The idea that a simple Econ-101 level understanding of a topic will just scale up to the macro level. The assumption that every market will work like a guns and butter chart from day three of Econ 101 is easily disproved, but this doesn’t stop 101ism. People like simple solutions. This DSGE charts are hard, have Greek letters and lots of math. 101ism sells.