Very good sentences

by Tyler Cowen on December 15, 2009 at 8:21 am in Economics | Permalink

There was usually one rational expectations man at each meeting, but it was rarely the same one twice.

4 comments

david December 15, 2009 at 9:07 am: Who is RE nowadays? Monetarists are not. Austrians are not. Keynesians and PKs are most certainly not.

RE seems to have no fans in the blog world…
Meds December 15, 2009 at 12:26 pm: I thought this one was very good too:

“Like herpes, math is here to stay,†
forager December 15, 2009 at 6:26 pm: I believe in rational expectations in so far as the vast majority of the time some “expert” is no more rational than the market. Sure, his guess may turn out to be correct, but I’m sure some day there will be a doomsdayer who turns out to be correct too. Doesn’t mean they were smart or anyone should have listened to them.
TGGP December 17, 2009 at 3:06 am: Scott Sumner seems to bang the RE drum pretty often. My guess is that Casey Mulligan also accepts it.

Comments on this entry are closed.