Lars P. Syll — Milton Friedman’s permanent income hypothesis — so wrong, so wrong

It didn't studies to know this hypothesis is wrong, but here it is.

A problem with appealing to "rationality" is that it opens a backdoor to sneaking in ideological assumptions.

Lars P. Syll’s Blog
Milton Friedman’s permanent income hypothesis — so wrong, so wrong
Lars P. Syll | Professor, Malmo University