Macroeconomics is complete and total horseshit

Though I've felt this way since the beginning, I don't think I've actually spelled it out. So there it is.

Merry Christmas!

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all of it?

All macro or just mainstream, mathematical macro? Are we including monetary economics and banking theory under the macro banner?

Why don't you tell us how

Why don't you tell us how you really feel?

Please edit your post some may find it offensive.


-Jonathan Wilde

Merry Christmas Offensive?

What? The wishing of Merry Christmas instead of Happy Holidays?

Don't make me send the Kung Pao Buckaroos after you....

Click here. But don't say I didn't warn you.

It is more a problem of human psychology than economics

if you can find a copy to look at - skim thru "Against The Gods," by Peter L. Bernstein. It is sort of a history of risk analysis applied to the market. I've seen better writing style but the info in interesting.

Macro is indeed garbage

Yes, macroeconomics is like trying to understand how a computer works by measuring amperage and voltage on the wire plugged it into the wall.

And macroeconomists don't

And macroeconomists don't only try to understand the economy but also give advice on how to make it better. Imagine trying to solve computer problems by manipulating the voltage at the wall plug.

As in interest rate manipulation

Exactly, as in attempts to manipulate interest rates.


I can weld with my PC now...

Did you just make an arc

Did you just make an arc welder out of your PC? That sounds like unapproved enterprise...

Jack Booted Thugs, aka. JBT

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Hi. Is there any way you can tell me if you’re going to write more on this?