Macroeconomics
topic on 4 shows · 6 statements across 6 episodes
the Knowledge Project 
Capital Allocators 
the a16z Podcast 
20VC
6 statements about Macroeconomics, every show
Petersen: People claiming to understand macroeconomics are probably wrong
“I always found macroeconomics to be impossible. I think people who pretend they understand it are probably wrong.”
Fabrice Grinda argues technological progress always outperforms short-term macroeconomic cycles
“History trumps macro, right? Like, the last 200 years of I've been a history of technological progress that has led and innovation that has led improvements in the human condition. And over the last 200 years, despite world wars, the great depression... If you…”
Horowitz: Macroeconomics is a complex system that is fundamentally unanalyzable
“There's nothing more unpredictable than macroeconomics. Like, it is a very, very complex Complex system. You know, it's path dependent. It's not analyzable. You know, everybody's always making predictions, and they're always wrong until they're right, like a b…”
Dixon: Mainstream Macroeconomic Equation Models Have a Poor Track Record
“If you look at, like, macroeconomics, for example, they use, you know, whatever. They have their set of equations, and they have a very, very poor track record in predicting the future.”
Masters: Western Macroeconomic Theory Was Largely Inapplicable to China
“Macro was actually almost useless for people in China because it was all based on a set of institutions that didn't exist there, and actually still don't in many ways.”
Naval Ravikant dismisses macroeconomics as corrupted politics lacking scientific falsifiable predictions.
“Macroeconomics is a combination of voodoo complex systems and politics. And you can find macroeconomists to take every side of every argument. So I think that discipline, because it doesn't make falsifiable predictions, which is the hallmark of science, becaus…”