"Macroeconomics is the attempt to find a mathematical justification for pre-existing preferences about what governments ought to do. Those preferences are usually the result of the economist’s childhood experiences and Minnesota Multiphasic Personality Inventory score."
Wednesday, January 2, 2013
A Humorous Quote On The State Of Macroeconomics
The global financial system created problems in the global economy that are not easily explained by economic theory. Moreover, there has been a battle within macroeconomics about how to deal with the global economic problems that we have created. I was in the middle of one these discussions when I found the following quote among the comments. I thought that it was both funny, and closer to the real issues than many of the discussions on this topic. Some of you may also appreciate the humor.
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