Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
kleinbl00 · 2899 days ago · link · · parent · post: Yet another 40 Million cars are being recalled due to the ongoing Takata Airbag fiasco. Link to Car and Driver's cliff notes in comments.
The problem is that economics is a social science so lesson learned is subject to fashion. They will teach you in History about how the New Deal saved America; they will teach you in economics that it prolonged the depression, but only if you get a teacher who believes Friedman. This is why Piketty went back to France.
All good points I agree with. Additional to learn lessons one needs to admit failure, the the moment japan is touting their economic policy as a success. The fashionable lesson right now is that bailouts and helicopter money drops work to boost the economy.