I was watching Money for Nothing last night (exciting Friday night, I know) and since I had just compiled a list of valid and not so valid arguments against economics I thought of adding a valid one about creating false narratives that will link to this post. Humans love to create narratives; it's one of our skills. Macroeconomics loves a good story, and Money for Nothing is a good example (most of the narratives below appear in it).Information Transfer Economics
The (potentially growing) list below will consist of a set of narratives that are not conclusively supported by data. The general takeaway is that macroeconomic theory is not yet good enough empirically to support any particular story….
A list of unsupported narratives in macroeconomics