The irony in today’s news is that just as the economy is declining into what will probably be a nasty recession, there are the first flickers of hope that the worst case scenarios everyone has been playing with – depression era stuff – are almost certainly now not going to happen. Here’s the New York […]

I can’t let this go by. Today’s New York Times has the following article by Greg Mankiw: Economics View-But Have We Learned Enough? NYTimes.com The article is fine. It’s the implication I want to bring to your attention. He concludes with some sobering words about the ability of the economics profession to understand … the […]