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Comments on: Who can we really believe? http://www.tvhe.co.nz/2013/05/09/who-can-we-really-believe/ The Visible Hand in Economics Tue, 14 May 2013 21:18:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2013/05/09/who-can-we-really-believe/#comment-40910 Tue, 14 May 2013 21:18:00 +0000 http://www.tvhe.co.nz/?p=8626#comment-40910 In reply to jamesz.

That is my fear, dangit!

]]> By: jamesz http://www.tvhe.co.nz/2013/05/09/who-can-we-really-believe/#comment-40907 Tue, 14 May 2013 08:47:00 +0000 http://www.tvhe.co.nz/?p=8626#comment-40907 In reply to Matt Nolan.

I try to repeat myself as much as possible in the vain hope that it will evolve into something interesting. This provides solid evidence that it doesn’t evolve at all, so I’m not sure we should get any points at all!

]]> By: Matt Nolan http://www.tvhe.co.nz/2013/05/09/who-can-we-really-believe/#comment-40900 Tue, 14 May 2013 01:59:00 +0000 http://www.tvhe.co.nz/?p=8626#comment-40900 In reply to Matt Nolan.

Also evidence Rodrik has been saying this for a while – and that we agreed with him then.

http://www.tvhe.co.nz/2009/03/09/quote-16-dani-rodrik-on-the-problem-with-economists/

Do we all get points for consistency?

]]> By: Matt Nolan http://www.tvhe.co.nz/2013/05/09/who-can-we-really-believe/#comment-40874 Wed, 08 May 2013 20:46:00 +0000 http://www.tvhe.co.nz/?p=8626#comment-40874 In reply to jamesz.

Ohhh yes of course, I just wanted to add a wall of text. You know what I’m like!

]]> By: jamesz http://www.tvhe.co.nz/2013/05/09/who-can-we-really-believe/#comment-40871 Wed, 08 May 2013 18:47:00 +0000 http://www.tvhe.co.nz/?p=8626#comment-40871 In reply to Matt Nolan.

I think what I was trying to say is that you can’t trust any one person or group. So there should be a huge bias against trusting anyone built in to policy. For example, I think central banks who rely on only their own forecast team and internal experience are setting themselves up for failure.

]]> By: Matt Nolan http://www.tvhe.co.nz/2013/05/09/who-can-we-really-believe/#comment-40870 Wed, 08 May 2013 18:42:00 +0000 http://www.tvhe.co.nz/?p=8626#comment-40870 I wrote a giant comment, pointing out that there is a bias towards intervention as well – and trying to understand the causes of both can help us to understand where inside a recommendation it has a ideological basis.

Disqus deleted it, because it doesn’t like me. So I’ll write it again in the future 😛

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