Aug 20 2018

Trade Guy

John Oliver is a pretty conventional macro economist, which is a shame really because it ties him to some unfortunate assumptions and misconceptions. He is, at least, to the left of Hayek which is something I guess.

But he’s not as bafflingly wrongheaded and radical as what passes for the Trump economic brain trust. The micro economists are all stealing as fast as they can while the macro guys wander around in delusional dementia, unmoored from object permanence or a sense of causation (other than “because Yahweh said so” which seems a less than rigorous argument).