Sunday, October 8, 2023

Summers Says ‘Energizer Bunny’ Economy Signals Fed Hikes Failing

 

“Energizer Bunny economy!”  Another figure of speech…   This is what you get from these people… every time…






9 comments:

NeilW said...

Human society works on parables.

mike norman said...

They're "failing." But they're still going to keep doing the same thing.

Matt Franko said...

Platonist/Dialogic method does not involve testing…

Entire STEM sector of society does not work on parables… not in US anyway…

Peter Pan said...

Hamas must be following the Platonist method.

NeilW said...

"Entire STEM sector of society does not work on parables"

You'd be surprised how much parables matter in so called science today.

The lipid hypothesis would never have taken root without parables. There wouldn't be a replication crisis without belief.

And we saw through Covid that parables were paramount.

Matt Franko said...

Fauci is Jesuit trained from birth… he has a BA in Classics from Holy Cross…

Somehow he got to take that into some sort of Med School…

Marian Ruccius said...

He might have had to do quite a lot of math at Holy Cross -- that sometimes is the way with those programs. I would not draw a straight line from formal training to the ability to apply reason to intellectual problems of any variety, although a formal scientific training is the high road to such thinking. Still, the main qualification seems to be an openness to admitting to what one does not know, rather than formal training per se (not questioning the merits of a background in Finance, say, or engineering, though).

Matt Franko said...

Science doesn’t train you to reason at all .. it employs didactic method not the dialogic..,

F=ma is not up for discussion…

“ the ability to apply reason to intellectual problems of any variety, although a formal scientific training is the high road to such thinking.”

Marian there may not be a more inaccurate statement in the universe….

Science trained people DO NOT reason anything… they apply functional equations taught to them didactically to solve material problems…

Matt Franko said...

Marian the whole problem here is that Art Degree morons trained to use reason are reasoning that we are out of munnie….