Re: Re: optimism rules

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

I quoted:
> > "Now that the U.S. economy has achieved its longest expansion on record,
> > macroeconomists are in danger of becoming underemployed, like the Maytag
> > repairman sitting by the phone waiting for a call."

quoth Doug:

> Uh-oh, end of the bizcycle talk again. Fasten your seat belts...

unless you think that it's a _good thing_ that (orthodox) macroeconomists
are underemployed...

too bad they're not. They rule the Fed, the IMF, the World Bank, etc.

Jim Devine jdevine@xxxxxxx &  http://liberalarts.lmu.edu/~jdevine