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Old 12-16-2011, 05:20 AM
sugarkang sugarkang is offline
Join Date: Oct 2008
Location: Cali, Small-Govt Liberal
Posts: 2,186
Default Re: Words Are Wind (Robert Farley & Michael Cohen)

Originally Posted by Dee Sharp View Post
In economics, many still consider it reasonable to ignore anything not in the models.
By "many" I think you're referring to Keynesians.

If the IR field follows that path, the next major war will result in the same excuses we heard after the financial crash: there's nothing we could have done, as no one saw it coming.
Black swan events? We have enough trouble doing what we know we're supposed to do.
The mixing of populations lowers the cost of being unusual.
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