/biz/ - Business & Finance

>>678598
Hayek is our lord around these parts.

>believing in Austrian economics

>Economic cycles can be solved with more government control

>Thinking humans are rational actors

>>679002
nobody who studies economics thinks that anymore

not enough information for rationality

>>679002
>>679010

>>679010

>nobody who studies economics thinks that anymore

It's still a cornerstone of traditional economics and finance classes.

You're right though, behavioral economics is the cutting edge right now.

throwing once dice, you cant predict the outcome
throw a hundred dice, and you get normal destribution

There, i just derived economics for you.

>>679026
>throwing once dice, you cant predict the outcome
>throw a hundred dice, and you get normal destribution
>There, i just derived economics for you.

Wow, are you a genius?

>>678598
>mfw liberturdian models only work in perfect competition markets i.e. not real life

>>678835
>implying lack of government control wasn't the cause of the recession of 2008

>Keynesian economics
>If we tax holders of cash the human population can grow forever

>>678598
>I believe in Economics

>>679286
>implying Fannie Mae and Freddie Mac aren't government entities that directly caused the subprime mortgage crisis.

>>679464
>Implying that it wasn't the lack of federal regulation that caused them to shit the bed regardless.

>>679740

>>679740
>implying if the government didn't guarantee their money they would have been extremely reckless and inflated the bubble until it burst

>>678835

>intervention is control

muh perfect markets

>>679740
> Government can't run its own banks without making horrible decisions but can somehow prevent non-government banks from making horrible decisions