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079: Raoul Pal – The Biggest Financial Experiment the World has Ever Seen, Explained by a Global Macro Investor

Chat With Traders

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The Problems With Economic Models and Forecasts

Economics has now gone down to two schools of economics only is taught pretty much anywhere in the world and that's Keynesianism and monetarism. So many of these kind of deep theories about how economics work are based on assumptions that are not correct because they're based on theoretical assumptions, he says. "I think it's crucial that people understand things like the business cycle and things like behavioral economics and ignore a lot of what you're taught about model-based economics"

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