It takes a stopped watch less than 12 hours to be "right". So 'economic historians' like Friedman must set an awfully low standard for their superior insight. In "a couple of decades" the stopped watch would have been right 14,000 times more often than the economists.
On Wed, Oct 24, 2012 at 7:16 AM, Louis Proyect <[email protected]> wrote: > From the article: > --- > > NY Times October 23, 2012 > Standard of Living Is in the Shadows as Election Issue > By DAVID LEONHARDT > > He added, “How long does it take the Luddites to be wrong — a few years, a > decade, a couple of decades?” > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Cheers, Tom Walker (Sandwichman)
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