Edward Lambert — A New Model of the Economy Please

Brad DeLong wrote recently concerning the Uncertainty at the Fed…

“The heart of the trouble consists in the fact that neither financial-market participants nor, it seems, the Fed itself know the true state of the economy or how best to model it – especially in the wake of the 2008 financial crisis” (link)

It is a fact he says. The Fed and others do not know how best to model the state of the economy.

I stand alone with a new model for an Effective Demand limit as Keynes envisioned it

Angry Bear
A New Model of the Economy Please
Edward Lambert