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Posted By Don Boudreaux On September 19, 2011 @ 3:21 pm In Myths and Fallacies,Scientism,Seen and Unseen,State of Macro,The Hollow Middle,Trade,Video | Comments Disabled
Arnold Kling explains that “applying macroeconomic models to questions of fiscal policy is the equivalent of using pre-Copernican astronomy to launch a satellite. “ Yep. A model’s Rococo complexity ought not be mistaken for that model’s usefulness.
Also in The American, Steve Conover explains  that “In the seven years from 2001-2007 (inclusive), not only did the middle class get at least its fair share of overall income growth, the income gap between the rich and the middle class actually got smaller.”
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URLs in this post:
 Arnold Kling explains that “applying macroeconomic models to questions of fiscal policy is the equivalent of using pre-Copernican astronomy to launch a satellite.: http://american.com/archive/2011/september/the-soothsayers-of-macroeconometrics/article_print
 in The American, Steve Conover explains: http://www.american.com/archive/2011/september/middle-class
 Steve Landsburg offers his thoughts on the assertion that people lack compassion if they oppose using government to force A to care for B: http://www.thebigquestions.com/2011/09/19/compassion-play/
 In this short video, produced by the Mercatus Center’s Rob Raffety, some GMU folk celebrate Bastiat: http://www.youtube.com/watch?v=ecEAipDxVnQ&feature=share
 this follow-up: http://www.youtube.com/watch?v=gzdszeOVzbA&feature=related
 Wall Street Journal columnist Mary Anastasia O’Grady explains how American labor unions greedily pose as friends of foreigners: http://online.wsj.com/article/SB10001424053111903927204576574844222821166.html?mod=WSJ_Opinion_MIDDLETopOpinion
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