… well, as we have seen, predictability in finance, economics, political economy exist only when it is meaningless.Outliers cause nearly all activity.The rest is just noise as shocks ripple through the pattern of sustainable specialization and trade, amplified by discount rate.
Source date (UTC): 2018-10-29 21:25:08 UTC
Original post: https://twitter.com/i/web/status/1057020532594524161
Reply addressees: @GeolibGeorge @Septeus7 @Slysneak @Lord_Keynes2 @jappleby123 @Noahpinion @ProfSteveKeen
Replying to: https://twitter.com/i/web/status/1057020056561950722
IN REPLY TO:
@GonzoGeorgism
@curtdoolittle @Septeus7 @Slysneak @Lord_Keynes2 @jappleby123 @Noahpinion @ProfSteveKeen …. have to make a few simplifying but reasonable assumptions about what tends to at least correlate with the perception that people have of how well they are doing for the purposes of discussion, especially since the context in which we are discussing how well they are….
Original post: https://twitter.com/i/web/status/1057020056561950722
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