FREAK-TV: ‘I Like to Answer Questions Well’

Video

In an earlier video, Levitt talked about how hard it is for economists to make good predictions about the macroeconomy.

He continues that theme in this new piece, explaining why he’d rather tackle a much smaller question and try to answer it well.


Colin

Isn't this a very similar argument to what Greenspan made in his book, 'Age of Turbulence'? Economic modeling sucks, and has always sucked. And misuse of this sucky information is even worse then not having it at all.

Colin
http://www.pineapplewatch.com

Colin

Isn't this a very similar argument to what Greenspan made in his book, 'Age of Turbulence'? Economic modeling sucks, and has always sucked. And misuse of this sucky information is even worse then not having it at all.

Colin
http://www.pineapplewatch.com