Re: Interest Rates and inflation

["Alan G. Isaac" <aisaac@xxxxxxxxxxxx>]

On Thu, 21 Dec 2000, John O'Donnell wrote:
> Many [economists] do seem to refuse to allow reality to disturb their
> beliefs, such as those who bring irrelevant correlations
> like the Phillips curve into economic analyses.

Until you become willing to read them,
and thus learn what they actually say,
you should restrain your commentary.
And I mean read presentations of the actual
research, not the simplified online textbook presentations
that have extremely limited pedagogical goals. I am *not*
suggesting that one must acquire the skills to
read the actual research papers. Articles such
as those in the Journal of Economic Perspectives
are very accessible to non-specialists.
Alan Isaac