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View Diary: There is NO fiscal cliff. (69 comments)

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  •  Oh, if you want to watch the whole (4+ / 0-)

    presentation at Columbia.

    http://www.youtube.com/...

    http://www.youtube.com/...

    http://www.youtube.com/...

    http://www.youtube.com/...

    I have to admit to a personal prejudice.  Although I have no credentials as an economist whatsoever, it struck me ages ago that economic theory was/is grossly unrealistic and that accounts for why economic predictions were consistently wrong. John Kenneth Galbraith, one of the few people to ever answer my letters, explained that the reason economic analysis is inaccurate is because they hadn't developed the ability to track dynamic systems. Economic analysis is always focused on a moment in time that is already past by the time the analysis comes out.
    So, now that Jamie Galbraith is continuing his father's work, I'm prejudiced.

    We organize governments to provide benefits and prevent abuse.

    by hannah on Sat Nov 10, 2012 at 12:04:33 PM PST

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