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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Sunday, October 10, 2010

Truth about recent Macroeconomic models?

Some very harsh, but probably true facts on Macro from Laurence Meyer and Paul Krugman:

http://krugman.blogs.nytimes.com/2010/10/09/macroeconomic-madness/
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