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therobots927yesterday at 12:35 PM1 replyview on HN

Economics is propaganda. It’s not an empiracle science, and it’s claims are mostly used to promote ideologies consistent with government policy or the ideology of powerful individuals with the surplus’s wealth available to pay someone to build a quantitative defense of said ideology. What else would you call it?


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nairboonyesterday at 1:33 PM

It's a social science? Economics is much broader and much less unified than you purport it to be. The (social) science of (in this case) Macroeconomics is just that, an observational science, a bunch of theories and observations (controlled experiments are not really feasible). The propaganda is caused by politicians, administrators, and policymakers, not really the scientists. There I agree with you, central bankers are a prime example of such propaganda. Ever wondered why almost everywhere the inflation target is 2%? Not 1%, not 3%, but exactly 2%? There is no real scientific reason behind it, that is just policy, or propaganda if you want to name it like that.

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