Tuesday, October 16, 2012

Fresh Water vs. Salt Water and the Economics Nobel Prize

This year is the Fresh Water's turn. NYT

I remember hearing around here in Chicago, that if you were at the Economics Department at the University, and you didn't have a Nobel Prize, then they looked down on you.

Milton Friedman started this tradition, I guess.

Now for some time, Macro is in the hands of the Princeton Economics Department; at least if you are willing to play marbles with the 1% types. After all, they have most of the marbles.

I am just happy that Keynes is taken into account again.

We are in a demand slump.

End This Depression Now!

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