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April 16, 2009

Quote of the day

But picture Isaac Newton scribbling down the laws of physics every day, and every night God comes in and erases the scribblings, changes the laws, and fiddles with the constants. That is what macro is like.
In Defense of Macroeconomists

I also liked that this is titled In Defense of Macroeconomists and not In Defense of Macroeconomics, because the problems are not with the idea of macroeconomics but with the execution.

Posted by OneEyedMan at April 16, 2009 10:50 AM


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