Sunday, April 3, 2011
“Expectations” a major variable in economics is merely a myth?
On Sunday 04/03/2011 edition of the “This Week” program crazy old uncle Paul Krugman, Noble prize wiener-whiner at larger, decided to rewrite economic theory in 20 seconds or less. You see, one of the major variables in economics, which is expectations, is merely a myth.
Which then begs the question: is expectations a myth or is the more likely case that crazy old uncle Paul is the myth?
It becomes a mighty sad case when a Noble prize winner in economics constantly, clearly, and repetitiously shows why he should have never won the prize in the first place.