vaughn tan
@vt
we're so lucky that central banks have had all this prizewinning economic research to guide their policies in the last 15 years
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Behzod Sirjani
@behzod
To be fair, we’re in a wild enough timeline they could have won a Nobel prize for finding that encouraging bank collapses is vital as it is akin to “controlled burns” in the financial industry.
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vaughn tan
@vt
it is kinda weird to award economic research driving bank policy that seems to be driving the problems that the economic research was designed to avoid
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Behzod Sirjani
@behzod
Yeah this is where academia seems to disambiguate the research from the outcome. Empirically sound research != something that helps society move forward. Feels like the former is what gets evaluated while the latter is often squinted at.
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