Wow, speaking of Laziness.....
Roger Farmer writing December 30th 2008 in the FT:
"In classical economics, the prices of stocks are determined by fundamentals and the fundamentals of the economy are sound. The US had the same stock of factories and machines in August that it had in July and the US workforce has not been afflicted by a sudden attack of contagious laziness."
Franco Modigliani writing in the AER, March 1977:
"Sargent (1976) has attempted to remedy this fatal flaw by hypothesizing that the persistent and large fluctuations in unemployment reflect merely corresponding swings in the natural rate itself. In other words, what happened to the United States in the 1930's was a severe attack of contagious laziness!"
Ouch! Can't one of the all-time greats of Macro get any love in this day and age???
Labels: academic politics, chilipunk'd
posted by Angus @ 12/30/2008 04:05:00 PM
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Greeting! What do you think of wow gold? I always lack of wow gold to buy some great item for my char before the wow patch 3.1 and I need to do wow power leveling for the cheapest wow gold or I have to search cheap wow gold on google search. The world changed since the 3.1 patch released. Short of buy wow gold for me wasn't so high frequency now. And I’m curious why this situation happened? The items became cheap? Or we can farm wow gold much easy? Hope someone can give me an answer.
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