Comments on: Monetary Confusion http://elidourado.com/blog/monetary-confusion/ Wed, 25 Apr 2012 02:15:30 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: What’s Right and Wrong With Austrian Macro? // Eli Dourado http://elidourado.com/blog/monetary-confusion/#comment-1855 What’s Right and Wrong With Austrian Macro? // Eli Dourado Wed, 24 Aug 2011 19:53:53 +0000 http://elidourado.com/?p=97#comment-1855 [...] Austrian theory in my opinion would evolve along the lines of the Lucas islands model. I have written before that I think our current situation is one of severe model uncertainty. Some people think money is [...] [...] Austrian theory in my opinion would evolve along the lines of the Lucas islands model. I have written before that I think our current situation is one of severe model uncertainty. Some people think money is [...]

]]> By: 100 Posts: A Retrospective // Eli Dourado http://elidourado.com/blog/monetary-confusion/#comment-1467 100 Posts: A Retrospective // Eli Dourado Tue, 14 Jun 2011 02:04:28 +0000 http://elidourado.com/?p=97#comment-1467 [...] first blog post was written on November 8, 2009, 582 days ago. That post, Monetary Confusion, has received only 12 pageviews to this day. It took 144 days to write something that attracted [...] [...] first blog post was written on November 8, 2009, 582 days ago. That post, Monetary Confusion, has received only 12 pageviews to this day. It took 144 days to write something that attracted [...]

]]> By: Pietro Poggi-Corradini http://elidourado.com/blog/monetary-confusion/#comment-2 Pietro Poggi-Corradini Mon, 09 Nov 2009 00:41:29 +0000 http://elidourado.com/?p=97#comment-2 Hi Eli, I have a hard time following these macro discussions. The only person that I understand more or less is Arnold Kling, so I might be getting a skewed perspective. The confusion you mention makes sense (what's the opposite of "irrational exuberance"?). I'd be willing to bet that just like the median voter is rationally irrational about issues, the median market agent is also rationally irrational about macro quantities. Hi Eli,

I have a hard time following these macro discussions. The only person that I understand more or less is Arnold Kling, so I might be getting a skewed perspective. The confusion you mention makes sense (what’s the opposite of “irrational exuberance”?). I’d be willing to bet that just like the median voter is rationally irrational about issues, the median market agent is also rationally irrational about macro quantities.

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