http://www.youtube.com/watch?v=bvovLPvkie4
It's really sad that she thinks she can take on economists...just pathetic
http://www.youtube.com/watch?v=bvovLPvkie4
It's really sad that she thinks she can take on economists...just pathetic
Friedman was a great economist. I doubt whether he would support the club control of macro. Naomi is a very good looking woman, BTW. Is she going to Denver? The biggest danger is not Friedman. It is those who obtain a brainwash education (at MIT/Harvard/Stanford/some parts of Chicago/etc) and don't even know it.
She's probably smarter than I am, I just don't agree with her materials. Her readers tend to think there is a Chicago version of economics. There isn't. They tend to think that this version implies one's overall political philosophy. It couldn't. They tend to think that economists at Chicago tend to have Milton Friedman's political views. They have always been diverse. They believe that having Keynes-based views implies overall political views that are centrist. That is wrong. One can have Keynes-based views on macro and be even more libertarian than Friedman. There are many people who were more libertarian than Friedman. One can also have Keynes-based views on macro and be very progressive. She tends to take minor things from econ books with little or no political relevance, and assign them a large political relevance. I also think she sometimes claims that a free market caused something when there was no free market. If Ronald Reagan wins an election, and Reagan says he wants there to be a free market, and some industry is still very regulated when Reagan is in office, then one cannot say that Reagan's free market views caused some outcome in that industry. For example.
932c:
>She is right. But I still would not excuse the Harvard/MIT clan as she did. But overall she is quite correct.
>Friedman was a great economist. I doubt whether he would support the club control of macro. Naomi is a very good looking woman, BTW. Is she going to Denver? The biggest danger is not Friedman. It is those who obtain a brainwash education (at MIT/Harvard/Stanford/some parts of Chicago/etc) and don't even know it.
>The woman is making a valid point.
Is this samefagging?
In a nonlinear world, investment need not equal saving.
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um the world could be linear and that would still be true. I=S is an accounting identity, you are free to change them at will. it has nothing to do with the linearity of the underlying space.