Is Economics a science or voodoo? Latest evidence from the American Economic Association

Two examples from the latest edition of the American Economic Journal:

Macroeconomics (July 2025)! You'll be the judge!

Disclosure: I have a degree in macroeconomics. 😊

Examples:

1. Estimating Macrofiscal Effects of Climate Shocks from Billions of Geospatial Weather Observations - American Economic Association
   When economists resort to weather and climate shocks you should be immediately alerted! Remember: Global Warming is a hoax and climate change is a religion! Of course, some economists like to jump on this bandwagon (for citations and spurious fame)! 😊
   Since the climate change science is junk science to a large extent, the AEA is aiding and abetting to perpetuate it.
2. An American Macroeconomic Picture: Supply and Demand Shocks in the Frequency Domain
   The abstract reads: "We provide a few new empirical facts that theoretical models should feature in order to be consistent with the data.
   (i) There are two classes of shocks: demand and supply. Supply shocks have long-run effects on economic activity; demand shocks do not.
   (ii) Both supply and demand shocks are important sources of business cycles' fluctuations. (iii) Supply shocks are the primary driver for consumption fluctuations, demand shocks for investment.
   (iv) The demand shock is closely related to the credit spread, while the supply shock is essentially a news shock. The results are obtained using a novel frequency domain method."
   Yawn! Yawn! These so called "new empirical facts" have been reported in textbooks of economics since at least the late Paul Samuelson (1915-2009). Samuelson's Foundations of Economic Analysis was first published in 1946/47. Maybe the authors of this study would be well advised to read this textbook.

First edition (1947)