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Monthly Archives: January 2012

The tragedy of macroeconomics

What I’ve been thinking about lately is just how little is knowable about macroeconomics in the real world. Does austerity help? Or is it ruinous? Hundreds of people who’ve made this their life’s work say yes. Hundreds of their colleagues, similarly experienced, say no. Questions on the macroeconomic level are absurdly complex because there are [...]