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More bankruptcy

Posted By Russ Roberts On September 11, 2013 @ 10:21 am In State of Macro | Comments Disabled

Extending the ideas and analysis of my earlier post [1], Robert Murphy shows [2] just how hard it is to evaluate a simple prediction of the impact of the sequester. A prediction that cannot be falsified is not a prediction.

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[1] my earlier post: http://cafehayek.com/2013/09/the-intellectual-bankruptcy-of-macroeconomics-by-russ-roberts.html

[2] Robert Murphy shows: http://consultingbyrpm.com/blog/2013/09/the-intellectual-bankruptcy-of-mainstream-macroeconomics.html

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