Happenings in economics

The big story here is that a researcher at the Fed finally perfomed the analysis proving that we humans are not ergodic in time, hence much of economic research over the past 30 years is bogus.   Humans to not make changes using periodic schedules,  that assumption becomes invalid.  John Taylors interest rate rule is bogus, Scott Summers pushing on a sting is bogus, and Romer's multipliers greater than one is bogus.  All of this is now causing a useless effort at censoship among the DC infatuated economists, all the dreams of pulling levers and knobs in DC are in the trash.

Here is a consequence.  The 6T Obama borrowed, based on Romer's  fraud, will now cost each and every middle class family $1,000 in yearly interest payments, wiping out 1% of middle class wealth.  John Taylor's interest rate rule? Bogus.  During the period in which we used that rule, the debt ran up about 12T dollars.  Scott Summers pushing on a string idea? Bogus.

We are ergodic in -iLog(i) , when we are ergodic.   Stupid, liar economists.  30 years of them, mainly just going to DC and robbing the American middle class.