Dropping Money From Helicopters: Economist John Cochrane On Inflation | Peter Robinson | Hoover Institution
Uncommon Knowledge
Is This a Testable Theory?
No one ever tested monetarism versus Keynesian. Efficient markets versus behavioral finance, they've been at that one for 70 years. We assemble the evidence. We see does it work in that average sense? Is it at all plausible that things work? That's how you assemble evidence on all scientific theories.
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