>"What if they start saving again?" Wynne Godley on the US economy
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>London Review of Books: http://www.lrb.co.uk/v22/n13/godl2213.htm
Godley predicted the ugly end of the Thatcher boom, one of the few economists to do so. Maybe that gives him some extra credibility, or maybe it's a coin toss.
The other night on my radio show, Ellen Frank, an economist, said that "we don't really understand how the economy works." I saw a piece by Brad De Long the other day that said almost the same thing. What a funny business, economics.
Doug