PolifrogBlog

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Monday, January 31, 2011

Keynesians Hobbled by Blindness...

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At the heart of every Keynesian is the desire for real-time control over the markets. This requires projecting forward real-time data. Unfortunately real-time data has no trend from which to project a future. The result is an incessant bickering over the meaning of the numbers or as Keynesianists call it, "elevating the debate". It also means our economists are blindly driving our fragile economy. Not only can they not see the future, but they blind themselves to the long term damage being done to our nation with Keynes.



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