Key quote and fair dig at Economics: "Worst of all, [math] imbues economic theory with unearned empirical authority."
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As does "climate science".
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Thanks, saved me the tweet!
End of conversation
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Zzz...
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you read Kenneth Galbraith: you walk away not knowing how it works exactly but at least knowing that nobody else knows how it works either
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Those are fighting words
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One thing that matters is if people have money to spend, not what model is used.
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Appraisers predicted the 2008 bust. appraisersforum started the "bubble" thread in early 2006. It asked why no 1 saw it coming???
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Economics problem is using linear mathematical modeling for Complex Adaptive Systems which need more complex non-linear approachs.
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