I have no need to. It does not serve me whatsoever.
It remains theory with no practical use in the world given that we have governments and not kings or empires.
I don't plan on using classical or Austrian economics because they are archaic models that lack real world use in modern society.
It's like communism, great on paper, fails in reality.
See Argentina if you want a real-time analysis of Austrian economic modelling.
Human action isnt a theory, its reality ππ
Firstly, Melei is not a libertarian. Or at least he does not implement strict libertarian principles, so thatβs a problem right there.
He has a facade but in reality the policies and the implementation of such policies after real humans. People die.
Economics can be all theory and "book smart what ifs" but the reality of economics is an observation of human behaviour and the systems they create.
That's why Keyensian economics is the defacto model, due to Government being the main central decision makers and policy makers.
Added to this, the vast majority of people rely on government intervention (think grants) and the same people who cry for deregulation were crying for stimulus checks and debt pardons.. from government.
COVID strikes and "oh government needs to intervene" or Wall Street crashes the global economy and all of a sudden government needs to bail out private business or people die.
That's the reality of it
