Panglossian macroeconomics

22 March, 2016 at 11:07 | Posted in Economics | 2 Comments

Economic science does an excellent job of displacing bad ideas with good ones. It’s happening every day. For every person who places obstacles in the way of good science to protect his or her turf, there are five more who are willing to publish innovative papers in good journals, and to promote revolutionary ideas that might be destructive for the powers-that-be. The state of macro is sound …

Stephen Williamson

Noita8Sure, and soon it’s Easter and the Swedish witches fly to Blåkulla (“the Blue Mountain”) to meet the devil …

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  1. IOW: “Nothing to see here. Move along now”

    I’ll stick with Bill Mitchell’s assessment: http://bilbo.economicoutlook.net/blog/?p=33191&cpage=1#comment-44101

  2. I thought it was true about the witches…


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