Crisis of the 70s Compared to the 20s

COMMENT: Hi Marty, Your post today on inflation(when people see it coming) reminds me how things have changed from the 1970s. Then, the inflation we saw came from [...]

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Business Cycle & Economists

COMMENT: You are correct. I went to the London …. and they said there was a business cycle but it was random and but it could not be defined. Cheers RB REPLY: [...]

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Why Many Economists Refuse to Believe That the Future Can Be Forecasted

When I was in school, it became obvious that there were real sciences, and then there were “social sciences” based on opinions. In physics class, you [...]

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