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Growing trade deficit is selling the nation out from under us (2003) [pdf]

(faculty.washington.edu)
162 points TaurenHunter | 1 comments | 04 Apr 25 09:20 UTC | HN request time: 0.206s | source
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gargan ◴[04 Apr 25 10:06 UTC] No.43580173[source]▶
Business people don't necessarily make the best economists or politicians, that's the main lesson from the last few years to me.
replies(2): >>43580566 #>>43587509 #
RGamma ◴[04 Apr 25 11:09 UTC] No.43580566[source]▶
My main lesson is that in (esp. macro) economics nobody knows what's really going on. Too many, too diverse things happening at breakneck speed.
replies(2): >>43582872 #>>43587532 #
1. cantrecallmypwd ◴[04 Apr 25 20:58 UTC] No.43587532[source]▶
That's a vague and unconvincing chicken little argument for not making models using the wealth of open and for-purchase data that's available and understanding the limitations.