The public executes the wonkery., You are are confused, Barry. The issue issue how did all the Krugman wonkery get derived from some simple action on the part of agents. The answer is Krugman is creating wonkery out of thin air.
Krugman creates the non-existent 'liquid' homo economicus so that he can pretend to theorems that never existed. The true principle of economics is to dump the wonkery and make it simple. Pretending to wonkery makes the economicus look smart when in reality is is faking the conditions to prove his/her ability in simple Euler differential equations. The economist, and in Barry's case, the investment adviser seem wonkish, but it is mostly a fake needed to get clicks and clients.
Almost all the charts on Fred, from 1980 until today show one thing, the economy has never been wonkish, it is never meets the Euler conditions and almost all the so called wonkish theories are absolutely false.
The simple truth, we agents avoid long lines and that pretty much sums up the theory. Having discovered this simple fact we now have an industry rapidly replacing the Krugman and Ritholtz. We have google pattern matching techniques which repeatedly out perform Barry because the bots are not stuck having to reverse engineer the false assumptions of Barry.
Almost all the charts on Fred, from 1980 until today show one thing, the economy has never been wonkish, it is never meets the Euler conditions and almost all the so called wonkish theories are absolutely false.
The simple truth, we agents avoid long lines and that pretty much sums up the theory. Having discovered this simple fact we now have an industry rapidly replacing the Krugman and Ritholtz. We have google pattern matching techniques which repeatedly out perform Barry because the bots are not stuck having to reverse engineer the false assumptions of Barry.
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