An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, April 25, 2015
Robert Waldmann — The Solid Information Factor
The problem we have [in the US] is that, even if only 27% of us are crazy, only 8% of us are paying attention.
Why we are so screwed.
And so much for representative agent rationally maximizing utility modeling. Monkeys throwing darts maybe?
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