My latest ideas on macroeconomics, monetary economics, economic policy and current events.
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.
I think no means no.
This is so awesome. I think it's hysterical that he did this.
Lucas once did a commercial, for United Airlines I think. I was looking for it, but couldn't find it.