Hi Billy, On Apr 6, 2010, at 10:18 PM, [email protected] wrote: > Pardon moi Francaise, > but, damn, Ernie, what a to-the-point really perceptive > summary and set of conclusions. > > What have you been shooting up with lately ? Brain steroids ?
Rohan had a solid night's sleep yesterday, which makes a world of difference. :-P > > I have to tell you, though, this guy from MIT, well, > in the brains department, he is about as good as anyone gets. > Knows his stuff extremely well, and also ( mirable dictu ) > knows how to communicate like a pro. > > If you ever get the chance to listen to him my hunch is that > you would be as impressed as I was. No rants, no endless lists > of figures, either, just one excellent example of what is > going on after another, followed by ( seems to me ) one > after another brilliant logical inference from the data. If only he was an inspirational leader a la Milton Friedman that would create an army of disciples, he'd be perfect to help lead our revolution. :-) > In short, the kind of professor to kill for in order to > get in his class. Well, not that extreme, but > knee-capping would be about right. Remind me never to race you for a lecture seat. :-P E > > My humble opinion > Billy > > -------------------------------------------------------------------------- > > > > > Partly, but I think they actually demonstrate a deeper problem: > economics as a profession is intellectually bankrupt. The Left can't > explain the success of capitalism, and the Right can't explain it's > failure. > > Political reform is impossible without a robust understanding of the > whole problem. That means vibrant academic communities (not just a few > individuals) that actually seek to engage the data on it's own terns, > instead of projecting existing ideology onto it. > > Absent a "scientific consensus" on what a healthy economy looks like, > blaming politicians and financiers for killing the patient may be > valid, but futile.
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