3.05.2014

Arguing with Ph.D.s



Yes, there are probably more productive uses of my time than arguing with myopic, model-worshipping, economics Ph.D.s.

But this is Menzie Chinn, of losing-a-battle-of-wits-to-Sarah-Palin fame.

Today's episode is Chinn defending Obama's GDP forecast by comparing it to a projection based on the last half-century's unprecedented debt boom.

Read the comments and enjoy.

1 comment:

K T Cat said...

Dude, that was awesome.

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...