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.

Quotations from Chairman Varones

There are very few financial problems that can't be solved by a suitable application of asset bubbles.