This is a less substantive point, but I do notice that with Glenn's new recording setup the angle of the camera makes it difficult to see his eyes and expression, making it feel a little less personal. Curious if anybody else feels this way.
"There are economists who think they understand economics but don't, and there are economists who don't understand economics and know they don't"-- John Kenneth Galbraith.
Or, the way I out it; If it is possible for economies to be controlled and regulated, then economists are not doing their job very well at all. Or, economists are not capable of controlling and regulating economies, but think they can.
Larry Kotlikoff is an informed ignoramuses who doesn't get the issue. Glenn Loury was trying to make the point that Kotlikoff is NOT a charismatic politician. He is a politically jaundiced academic economist, who has his head so far up his arse that he cannot see that DJT is in fact a charismatic politician and economist. In other words Kotlikoff is a typical left-leaning jewish acadamic that is driving the USA into decline. GOD please save us from the Kotlikoff's of this world.
I smile every time Larry Kotlifkoff says "we need to get everyone on the same page." Glenn said that goes into theatrical performance rather than expertise. It may require a religious conversion or a despot. A hilarious romp into an expert's cure (even if analytically precise for time X and culture Y) when the average chump is gaming the perceived 'system' in ways that the expert didn't anticipate. That's the whoops effect when current results meets hindsight. Glenn, we need more such interviews. A challenge to the mess we are in.
I'm already concerned about how index funds skew the market in unintended ways. Trying to imagine a laptop investing such a large fund is an exercise in crafting the "unintended consequence bingo" card.
“A nation run by experts”— who certifies the experts? And what are they an expert in? What do they “run!?” This belief in rule by experts is one that is problematic because it almost always means rule by an elite for its own benefit disguised as an abstract belief system, and so fundamentally against a liberal constitutional democracy based on rights.
By "in the white house", one could mean "POTUS is an economist", "there's a cabinet member who has a degree in economics", or "they have economists on staff they could consult".
Larry is clearly not a macroeconomist.
This is a less substantive point, but I do notice that with Glenn's new recording setup the angle of the camera makes it difficult to see his eyes and expression, making it feel a little less personal. Curious if anybody else feels this way.
"There are economists who think they understand economics but don't, and there are economists who don't understand economics and know they don't"-- John Kenneth Galbraith.
Or, the way I out it; If it is possible for economies to be controlled and regulated, then economists are not doing their job very well at all. Or, economists are not capable of controlling and regulating economies, but think they can.
Larry Kotlikoff is an informed ignoramuses who doesn't get the issue. Glenn Loury was trying to make the point that Kotlikoff is NOT a charismatic politician. He is a politically jaundiced academic economist, who has his head so far up his arse that he cannot see that DJT is in fact a charismatic politician and economist. In other words Kotlikoff is a typical left-leaning jewish acadamic that is driving the USA into decline. GOD please save us from the Kotlikoff's of this world.
I smile every time Larry Kotlifkoff says "we need to get everyone on the same page." Glenn said that goes into theatrical performance rather than expertise. It may require a religious conversion or a despot. A hilarious romp into an expert's cure (even if analytically precise for time X and culture Y) when the average chump is gaming the perceived 'system' in ways that the expert didn't anticipate. That's the whoops effect when current results meets hindsight. Glenn, we need more such interviews. A challenge to the mess we are in.
I'm already concerned about how index funds skew the market in unintended ways. Trying to imagine a laptop investing such a large fund is an exercise in crafting the "unintended consequence bingo" card.
“A nation run by experts”— who certifies the experts? And what are they an expert in? What do they “run!?” This belief in rule by experts is one that is problematic because it almost always means rule by an elite for its own benefit disguised as an abstract belief system, and so fundamentally against a liberal constitutional democracy based on rights.
By "in the white house", one could mean "POTUS is an economist", "there's a cabinet member who has a degree in economics", or "they have economists on staff they could consult".
I expect the third is true. Maybe the second.