4 ms·
Not a bad article, but it doesn't go far enough. Most macroeconomists use false assumptions and bad models to make terrible predictions. It's hard to accept tha
by johnnybgoode 17y ago
Not a bad article, but it doesn't go far enough. Most macroeconomists use false assumptions and bad models to make terrible predictions. It's hard to accept that a field like this can be dominated by people making the most basic of errors, so many observers can't bring themselves to reject these methods wholesale.