MindzEye
Wayward Ditch Pig
Economics is not a pure science with entirely predictable outcomes. Different and conflicting schools of economics will predict different results based on the same data. Unexpected results and re-analysis of the reasons for those results are the norm in this field.
Anyone acting like they can say with complete certainty how this will play out is fooling themselves. Not suggesting the exercise is fruitless, just that arbitrary stances ignore reality.
That's fair. We can only apply whatever your pet theories are to what we think are the current facts on the ground. But there's a pretty good reason that there's a near consensus among economists on this. If a consensus of meteorologist tells you that there's 100mm of heavy rain coming this weekend, you don't look up at the sky on Wednesday, see the sun, call bullshit and ignore it. You pack an umbrella because they're probably right.
I mean, if we're going to talk about the different schools of thought on this, sure the Austrian School thinks that any time you remove a layer of government intervention is spurs growth...but the Austrians have been really wrong, like super wrong about everything since 2008. Criticism of Brexit has reached across the aisles here. Keynesians, Freidmanites, etc all seem to be on board here.