Wednesday, September 5, 2012

What the Nobel Prize in Economics Gets You

The per-word wage rate in this business must be very high. How many takes do you think it took to get that right?


  1. I honestly belief his "no" despite the commercial reasons for expressing that view, since he is effectively endorsing a complex financial instrument with an imbedded option. I assume his "no" really means it depends on what happens between now and then. But, why then does the Fed publish 17 forecasts that are mutually inconsistent, undermining their own credibility.

  2. This is so awesome. I think it's hysterical that he did this.

  3. Lucas once did a commercial, for United Airlines I think. I was looking for it, but couldn't find it.