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What I learned on /r/badeconomics in my short time here
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  1. Pareto efficiency is the only goal. Equity does not matter.

  2. Demand does not create jobs.

  3. We don't have an AD deficiency problem.

  4. Short-term tax cuts are not stimulative.

  5. Modern macro arose out of the 70's. (While this is true to a degree, the 70's experience was a blimp) and really not representative of modern macro. Saltwater schools will get the last laugh.....but it not funny about the damage that freshwater schools did.

  6. Neoliberals/Libertarians believe in taxation and solving for externalities, public goods.....and what else they believe when it suits them. After all, free market opponents believe in government intervention and the social good when it suits them. Or are they simply interested in efficiency (See Point 1).

  7. That a universal currency does NOT cut down on transaction costs nor creates a positive externalities. After all, personal transaction costs and trade efficiency is a macro problem, not a micro problem, right?

I am probably missing a few, but these are the most notable.

The stupidity reigns on this board.

sauce

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LOL JUST LEARN SNEAK

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8 years ago