Timmy elsewhere

At the ASI.

Possibly the most gorgeous economics paper ever.

Even at the 1929 peak, stocks were
undervalued relative to the prediction of theory.

It\’s the theory that\’s wrong then, innit?

2 thoughts on “Timmy elsewhere”

  1. “the exquisitely educated politicians and bureaucrats who rule us”: you must have been thinking of Prescott.

  2. Surreptitious Evil

    You appear to be attracting a more paragraph sensitive variety of idiot than normal with this one.

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