Officials are trying to understand why consumer spending, the job market and overall growth have not responded to the most aggressive interest rates in decades.

  • Semi-Hemi-Demigod@kbin.social
    1·
    1 year ago

    Honestly, until we update the idea of an economic rational actor, I don’t think we’re going to get very far. In fact I think we risk getting further afield the longer we persist, and the more difficult it will finally be to realign everything

    I agree. The idea of humans being rational is so divorced from reality it makes me wonder if economists know real people.