Hopefully this groundbreaking discovery gets the respect it deserves
Dipshit, what do you think the point of being a business owner is? To create jobs out of the goodness of your heart?
Perfect example of how someone can have academic prestige or whatever and yet still be completely fucking ignorant of how the world actually works.
There are people whose sole source of news is like Felix doing dumb bits that knew more about how wealth accumulates than Harvard economists.
You missed the "misrepresent those findings by trying to fit them into an inherently flawed taxonomy" and "draw all the wrong conclusions based on an orthodoxy that has obviously already failed" steps.
... and then forget about those findings the moment someone dangles their keys in front of them, only to make the exact same findings a few years later and going through the same cycle over and over again.
Actually it's even dumber than that. These are things that liberal political economists figured out 200 years ago (because it's fucking obvious), but that got conveniently forgotten when socialist movements showed up and the political implications of these obvious facts became apparent to them.
Cash grants and poverty are well-studied.
Even small grants have positive effects.
Once again if your job depends on not knowing something than even the most "scholarly" of individuals in that position are nothing more than reduced to simple soldiers to propagate a status quo and cannot imagine a contradictory stance against it.
I don't want to give harvard too much credit, but there's merit to conducting a study that gains empirical data that supports theory.
Not saying these people did it since I haven't read it. .
Truth, it's just that I don't see them following up with further writings on how it might prove Marxist economics and disprove previous stuff such as from Laffer.
Yeah, it's fucking stupid they act like cavemen who've never heard of Marx and Engels. Even at the top economics schools there seems to be too many people who simply don't read anything beyond their ideology (despite what they may claim with their objections).
There's a mental block, conscious or subconsicous, that prevents libs from reading Marx. They read a paragraph about Marx. for example, and think they know everything and refuse to even read theory for fear it might shatter everything they've ever learned.
And even then there's even more, there's actual material on how supply side economics worked and the type of theory that creates, however you never see any papers or research from economists looking into what post WWII soviet economies were truly like outside of CIA propaganda shit. It's all willful ignorance for fear of biting the hand that feeds.
refuse to even read theory for fear it might shatter everything they’ve ever learned
But it honestly would. The process of unlearning all of the brainwashing you've been subject to since being a child is a long and difficult process, I know personally it's been a years long process. And I never spent $60k+ and years of my life in university getting the advanced :brainworms: either.
I mean, Laffer's Wikipedia-page should be more than enough to disprove him, given that he is most famous for working for both Reagan admins, as well as serving as economic advisor to Donald J Trump.
While that is true, the main reason to dunk on the person isn't that they looked into this empirically, it is having the balls to say that you were surprised by the results and treating this as something new. The analogue is that we wouldn't make fun of physicists studying gravity and say "everyone already knows gravity is a thing!", but if they then wrote a NYT article saying "I was surprised, maybe there might be a thing like gravity. Until this study I didn't know about gravity, I just assumed Aristotle was right and heavy things fall because they contain more Earth element and want to be closer to the other earth." and then go back to using Aristotelian mechanics.
Universities measure not intelligence but ability to qualify for student loans
I swear, on average, the longer someone spends in academia the stupider they get. There are tons of exceptions of course, mainly people who have a strong drive to understand something. But the vast majority remain in academia because they're afraid of entering the real world and want to remain in a bubble
Some of these mfers have been learned stupid so much they don't even know that the earth is experiencing four 24 hour days simultaneously
Dude has a doctorate in economics but hasn't read the Communist Manifesto.
“America...just a nation of two hundred million used car salesmen with all the money we need to buy guns and no qualms about killing anybody else in the world who tries to make us uncomfortable”
- Hunter Thompson
I was thinking about how violent :amerikkka: is when I saw Dr Strange over the weekend. The movie is ostensibly PG-13 but is full of fantastic hyperviolence and not a drop of sex or sexuality. It's so bizarre that something like nudity is such a cultural taboo but someone getting mutilated is 👌
I hadn't thought of owning an auto dealership as a path to getting rich
The guy has a PhD in fucking economics. Capitalist economics departments are complete clown colleges, or rather they're seminaries educating clerics that are able to be part of the ideological superstructure underpinning capitalism. As long as they know how to say the right prayers and perform the right rituals it doesn't matter that they know nothing about three world around them.
Rich people own
No shit Sherlock.
its kinda like some guy once said, something like that the ideas of the ruling class are in every epoch the ruling ideas, i.e. the class which is the ruling material force of society, is at the same time its ruling intellectual force. The class which has the means of material production at its disposal, has control at the same time over the means of mental production, so that thereby, generally speaking, the ideas of those who lack the means of mental production are subject to it. The ruling ideas are nothing more than the ideal expression of the dominant material relationships, the dominant material relationships grasped as ideas; hence of the relationships which make the one class the ruling one, therefore, the ideas of its dominance. The individuals composing the ruling class possess among other things consciousness, and therefore think. Insofar, therefore, as they rule as a class and determine the extent and compass of an epoch, it is self-evident that they do this in its whole range, hence among other things rule also as thinkers, as producers of ideas, and regulate the production and distribution of the ideas of their age: thus their ideas are the ruling ideas of the epoch. For instance, in an age and in a country where royal power, aristocracy, and bourgeoisie are contending for mastery and where, therefore, mastery is shared, the doctrine of the separation of powers proves to be the dominant idea and is expressed as an "eternal law".
The division of labour, which we already saw above as one of the chief forces of history up till now, manifests itself also in the ruling class as the division of mental and material labour, so that inside this class one part appears as the thinkers of the class (its active, conceptive ideologists, who make the perfecting of the illusion of the class about itself their chief source of livelihood), while the others' attitude to these ideas and illusions is more passive and receptive, because they are in reality the active members of this class and have less time to make up illusions and ideas about themselves. Within this class this cleavage can even develop into a certain opposition and hostility between the two parts, which, however, in the case of a practical collision, in which the class itself is endangered, automatically comes to nothing, in which case there also vanishes the semblance that the ruling ideas were not the ideas of the ruling class and had a power distinct from the power of this class.
This is quite silly but something of a good thing. If mis-educated people are accidentally stumbling upon class consciousness the conditions are ripe.
