Tacoma Disabilities Commissioner, co-chair @TacomaDSA, former congressional candidate in WA-06 
Banner 
by Glen Casebeer.
Możesz dodawać lokalizację do Twoich Tweetów, jak miasto czy konkretne miejsce, z sieci lub innych aplikacji. W każdej chwili możesz usunąć historię lokalizacji swoich Tweetów. Dowiedz się więcej
"This is not an emperor-has-no-clothes story...But at times, the macroeconomists seemed to display an almost paradoxical coincidence of intellectual doubt and continued affirmation of the utility of some unobservables." How is that not an emperor-has-no-clothes story!?
"I began to wonder over time whether the continued, almost instinctual attachment to past correlations between inflation and unobservable constructs, such as the natural rate and potential growth, was in part an effort to cope with the cognitive dissonance to which I alluded"
Wait...so you're telling me economists can be irrational just like anyone else? 
"Unless inflation expectations can save the day, the relative unhelpfulness of these past correlations leaves the FOMC without a working theory of inflation. This, I think, is highly disconcerting for a profession that it is very attached to modelling."
Yes, lol, I would think that would be highly disconcerting.
the people in charge of managing inflation don’t know how it works. But we progressives are the unrealistic ones?
Twitter jest przeciążony lub wystąpił chwilowy problem. Spróbuj ponownie lub sprawdź status Twittera, aby uzyskać więcej informacji.
