Everything I know about Economics
I am an economist by training
I forgot everything that I learned to pass the exams.
Perhaps one idea remains and has been useful , very useful. Too much of something doesn't work anymore, if you drink a glass of Coke is nice, the second ok the third is difficult etc....
In the ecomomy it's exacly the same thing, if you have too much debt it stops working and we are there. after we reach 100 or 200% deby to GDP more debt destroys growth etc...
this idea declining marginal returns is true in pretty much everything
"The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist"
— Nassim Nicholas Taleb (The Bed of Procrustes: Philosophical and Practical Aphorisms)
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