Monday, July 02, 2007

Economics, Schmeconomics!

My educational background is in economics, and as I've aged, I've truly come to believe that beyond the supply/demand curve and 'buy low/sell high', most of what I was taught, and is still treated as gospel by legions of earnest econgeeks, is mostly bullshit and/or voodoo.

Jared Bernstein has a good post today at TPM Cafe on economists and why they are wrong so often. Most of it confirms my suspicions.

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