3 ms·
It’s lucky when you can get the sign right on the first-order effects. Predicting 2nd order effects accurately enough to price them is economic voodoo.
by tlb 2y ago
It’s lucky when you can get the sign right on the first-order effects. Predicting 2nd order effects accurately enough to price them is economic voodoo.
- throwaway48476 2y agoMost 'economists' are not scientists and simply mash things together to justify whatever has already been decided.