President Obama on Friday sought to reassure voters about the economy, promising “things will get better.”None of the economists he has hired so far has figured the thing out.
Here is my list, counting who got this right:
Jim Hamilton (energy)
Richard Florida (the great reset)
Axel Leijonhufvud (corridor hypothesis and information theory).
And the hordes of economists who got Shannon and channel theory)
I should add Selgin and the Austrians, who formally debunked the Milton/Geithner Socialist banking theory.
Probably not complete.
The rule among economists, I think, is underneath they get the finite network model, but overtly they need to lie and present the smooth model. Not very scientific.
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