Saturday, August 03, 2013

Structural Humbug

Krugman, Structural Humbug

"In short, the data strongly point toward a cyclical, not a structural story — and there is broad agreement, for once, among economists on this point. Yet somehow, it’s clear, Beltway groupthink has arrived at the opposite conclusion — so much so that the actual economic consensus on this issue wasn’t even represented on the Newshour."

And a followup Is There Any Point To Economic Analysis?

And another, The Year of Living Stupidly

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