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How Not to Criticize Standard Economic Models

Josh Mason from John Jay College CUNY doesn’t think teaching contending economic theories is effective, and sees the objective of introductory economics courses as teaching students basic tools to understand economic terminology, national accounts, and standard relationship between cause and effect. He also explains that rising debt to income ratio does not simply reflect new borrowing, and that the effects of Trump’s tariffs will be modest at home but severe abroad due to the unique status of the dollar in international payments.

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