Reply to post: Re: I would like to add...

R&D money for science – from your taxes?

Nolveys Silver badge
Headmaster

Re: I would like to add...

As a boffin myself, I have to say, what have economists ever given us? What cultural, social and technological value have they added?

They've given us ZIRP and NIRP. They've managed to make the unemployment rate go down even while labour participation rates plummet. They can combine trillions of dollars worth of doomed debt-backed securities to make tripple-A assets. They can produce an economic recovery during which wages fall during each quarter and the percentage of 18-34 year-olds living with their parents remains constant at 31%.

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