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8min chapter
Tyler's three laws and twelve rules (with Tyler Cowen)
Clearer Thinking with Spencer Greenberg
The Art and Complexity of Economic Forecasting
This chapter examines the difficulties in predicting real interest rates within macroeconomic theories, emphasizing the idea that economics may be more art than science. It critiques the hyper-specialization of economists and their reliance on social media and mainstream opinions instead of rigorous analysis. Additionally, the chapter discusses modern monetary theory (MMT), expressing skepticism towards its validity and coherence in addressing government spending and inflation.
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