3 ms·
The benefactors desired a conclusion, and the authors delivered it for them. They served their purpose. That "academic integrity" was not a purpose reflects t
by TAForObvReasons 8y ago
The benefactors desired a conclusion, and the authors delivered it for them. They served their purpose. That "academic integrity" was not a purpose reflects the state of affairs in economics.
- mistermann 8y agoAnd people are using it today as "proof" to support their preferred flavor of an economic system. Anyone who's been even an armchair observer of economics for 20+ years should know well how silly these conversations can get. Just as one unimportant example: Bond vigilantes used to be a term you'd encounter regularly, when's the last time you heard it now?
- fjsolwmv 8y agoIs that because the concept is bad, or because the conditions for it haven't been present in a while? https://www.cnbc.com/2018/02/09/bond-vigilantes-saddled-up-and-ready-to-make-a-comeback-ed-yardeni.html https://www.cnbc.com/2018/02/09/bond-vigilantes-saddled-up-a...
- mistermann 8y agoThose are two possibilities. Another is that the government is the biggest player in the bond market and has unlimited funds at their disposal that they can categorize as Other. But of course, that's illegal, so it would never happen would it. But at the same time, you and me will never, ever, hear from the bond vigilantes again.