pull down to refresh
69 sats \ 1 reply \ @denlillaapan OP 9h \ parent \ on: Price Theory and the Price Level (Economic Forces, Josh Hendrickson) econ
Totally impossible... Yet academic apologists and Fed bureaucrats treat it like it's an optimization problem or physics problem, and financial press act accordingly. Very very weird
academic apologists and Fed bureaucrats
There's probably some element of job security involved in inflating (pun intended) the importance of their own work.
reply