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Human knowledge has progressed exponentially since the dawn of modern science. It is no longer reasonable to accept claims without sufficient objective evidence. The harm from religion, alternatives to medicine, conservatism, and all other false beliefs will be exposed on this blog by reporting the findings of science. This blog will also reinforce what should be the basics of education: History, Civics, Financial Literacy, Media Literacy, and Critical/Science Based Thinking.
Showing posts with label Economic Nationalism. Show all posts
Showing posts with label Economic Nationalism. Show all posts
Monday, January 13, 2025
Tariffs, Populism, And Economic Nationalism
"Skeptoid's wheelhouse is science vs. pseudoscience, so some of you might be asking why are we talking about an issue of political policy? We're not. We're talking about a question rooted in science: economics. Economics is very much a science, though there's always debate on whether it's a hard science or a soft science. It's generally considered a soft science, because it studies human behavior and societal interactions, which are harder to quantify and control compared to, for example, chemistry. Some argue that economics should still be considered a hard science due to its heavy dependence on mathematics, including calculus, statistics, probability, game theory, differential equations, and so on. However, these remain difficult to apply; you can mathematically develop all the predictive theories you want, but they're really hard to test by observing human behavior. And so today we are going to look at some hard examples of economic nationalism having been tried in three famous recent cases. Was it a bounty for their economies, or a bust?"
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