There certainly are a lot of beliefs in economics. It is not as easy to run expe... | Hacker News

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kkjjkgjjgg on Dec 19, 2021 | parent | context | favorite | on: The mother of all crashes is coming and it won’t b...

There certainly are a lot of beliefs in economics. It is not as easy to run experiments on economical theories as it is in physics, so saying "it is a science" may give people the wrong impression. I agree it is a science in a way, but not really a hard science like physics or medicine.

WalterBright on Dec 19, 2021 [–]

Check out the history of pegged exchange rates, and what happens when the values of each side changes.

https://en.wikipedia.org/wiki/Gresham%27s_law

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