economists proudly ignore real world data. They care about their models, even when they are obviously wrong. Milton Friedman said "Truly important and signific

economists proudly ignore real world data. They care about their models, even when they are obviously wrong. Milton Friedman said "Truly important and significant hypotheses will be found to have 'assumptions' that are wildly inaccurate descriptive representations of reality, and, in general, the more significant the theory, the more unrealistic the assumptions."