I was a math major. I remember doing homework problems when I didn't understand the process. I'd go thru a whole long process and come up with an answer that turned out to be wrong. What I learned was that to solve the problem I had to start in the right place.
It's like that with the economy too. Start in the wrong place and you get the wrong answer.
"The commonwealth was not yet lost in Tiberius's days, but it was already doomed and Rome knew it. The fundamental trouble could not be cured. In Italy, labor could not support life..." - Vladimir Simkhovitch, "Rome's Fall Reconsidered"
Subscribe to:
Post Comments (Atom)
-
I'm not a fan of "diagrams" in economics, but sometimes... This is a screen capture of slide 36 from a SlideShare presentatio...
-
JW Mason : "... in retrospect it is clear that we should have been talking about big new public spending programs to boost demand.&quo...
-
Bosch season five air date: 18 April. Ten episodes. Four days later, six of the transcripts were already available. A few days later, the ...
-
First, this summary of an observation made in 1850, from the Liberty Fund : Frédéric Bastiat, while pondering the nature of war, concluded ...
-
In the Google News this morning, "The Fed may have saved the economy by hiking rates for 18 months—and may have guaranteed crisis for...
No comments:
Post a Comment