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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (15997)	4/24/2017 12:57:51 PM
From: i-node	Respond to of 365367

>> Contrary to popular opinion, I don't consider economics to be scientific. Economics has a serious scientific arm known as "econometrics". Just as much science as any other science.

To: Wharf Rat who wrote (15997)	4/24/2017 1:14:00 PM
From: Lane3	1 Recommendation Recommended By TimF Read Replies (2) \| Respond to of 365367

Contrary to popular opinion, I don't consider economics to be scientific. It may be a soft science but it does have rational methodology. Any form of rational thinking beats wishful thinking or no thinking, at least when the stakes are large. I posted up-thread a brief piece on economic thinking. I personally find myself contemplating marginal value and optimization of resources all the time in deciding time expenditures or purchases. It boggles my mind that my government would do less to anticipate impact and determine feasibility. I've read some about the NY announcement about free college. I have not yet seen anything to indicate that the implications of that have been considered beyond the cost of lost tuition money. It's like folks think that the kids that benefit simply have their tuition paid and everything else stays the same. None of my comments about this are intended to convey that certain things shouldn't be done, only that we should have a clear idea of what we're getting into.