badeconomics

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A friend of mine once said: You know what the problem is with being an economist? Everyone has an opinion about the economy. No body goes up to a geologist and says, 'Igneous rocks are fucking bullshit.'

This subreddit is the repository for all of the woeful, antiquated, or plain old misguided notions Redditors post about how the economy works.

Rule I

-Please post an explanation on why what you have posted is bad economics, doesn't have to be thesis, but sufficient length to provide context. Examples of good RI's are here and here but RI's can be shorter.

OP must write an RI. Other redditors are encouraged to provide RIs and more information. If an RI is not written, the post will be removed until an RI is provided. However, users will have a reasonable amount of time (at least an hour, no more than a few) to construct an RI.

Rule I.a: Fiat Thread Access

Commenting privileges in the fiat thread are now conditional on completing a rule I every quarter. Quarter being defined as the end of each journal day.

Rule I.b: Sufficiency Standards

An sufficent R1 for fiat thread access must show an undergraduate understanding of economics roughly at the intermediate micro/macro level. Political and normative claims are not R1-able. The full sufficency standards can be found in the sub wiki here.

Rule II

Please post the link in np. mode. A link should look something like this:

http://np.reddit.com/r/shittyeconomicssubreddit/comments/IIhkVIyIX/Bernakebadtouchedmybitcoin/cktuXLVIIIh

Rule IV

All questions must be asked in the stickied threads. Do not post any "Is [X, Y, Z] bad economics?" self-posts.

Rule V

No reasoning from a price change in general equilibrium.

Rule VI

/u/Ponderay's rule: If you state that a Nobel Prize winning economist is bad economics (e.g. if you disagree with Paul Krugman) you must provide an explanation at least two paragraphs long as to why they are wrong.

Rule VII

Political discussion with no economic content is only permitted on Wednesday.

Reddit Economics Network

Subreddit	Subject
/r/Economics	General economics discussion and news
/r/AskEconomics	Got a question about economics? We'll try to answer it!
/r/BadEconomics	Share examples of bad, ill-informed, or just silly economics