GOLD 0.51% $1,391.7 gold futures

Dazed Forbes seems to have run out of American wing nuts to...

  1. 7,423 Posts.
    lightbulb Created with Sketch. 152
    Dazed

    Forbes seems to have run out of American wing nuts to publish and are now using Australians.

    Life is too short to spend time dissecting this sort of nonsense.

    I will make one observation: "Equilibrium" is an abstract concept, like "goodness" or "evil". You can't point at it, but it is a useful tool for predicting or measuring for things you can point at.

    Until economist like Keen come up with a viable replacement, I don't think they win any kudos for point out what are already well understood weaknesses in the structural assumptions in standard Micro Economic models.
    Last edited by timber1956: 31/03/15
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.