ACA Repeal/Replace: Progressives Face Moral Dilemma

[Bob Butler 54]

(09-09-2017, 09:02 PM)Warren Dew Wrote: If you're going to understand the quantitative aspects of economics and understand how the economy actually works, you have to use algebra, and in the case of understanding Georgist land taxes, an understanding of calculus is pretty necessary as well.  If you don't think of economics in mathematical terms, you're not really using economics at all; you're just making political arguments couched in misused economic terminology.  I do understand that the left is often happy to misuse economics in this way, but the truth is, economics without math is as worthless as physics without math.

Truth there. However an opposing Truth can be found in an old saw. Garbage in, garbage out.

The math starts with values based assumptions. Thus, even the pros get opposing values based results. As long as everybody keeps making contradictory values based partisan assumptions, you are going to get contradictory values based partisan results. Math can perhaps convince one of what one is already convinced of, but at an amateur level that’s about it. What are you going to do, count Nobel prizes?

I try to look at the real world end results more than the math. So long as the division of wealth favors the alligators, and likely beyond, I’ll be with the little guy. The system is currently rigged for those who can afford to buy the best lawyers, lobbyists, media and politicians. It is unfortunate that some are unable to see this. As long as Main Street is humming along, Wall Street and Easy Street can take their cut and do fine. If you forget about Main Street and optimize on how big a cut you can take, things go bad.