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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)

Quote:
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.

Quote:
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.
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