February 05, 2005
Greenspan on the Models

Alan Greenspan apparently has a healthy skepticism about the models:


The dramatic advances over the past decade in virtually all measures of globalization have resulted in an international economic environment with little relevant historical precedent.

I agree that a certain skepticism about the models' macroeconomic predictions is healthy.

Posted by John Fleck at February 05, 2005 10:21 AM
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