« Depressions Cause a lot More Pain than Benefits-Becker | Main | Bail Out the Detroit Auto Manufacturers? Posner's Comment »

11/09/2008

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Since you're being so critical (something I'd admire if you used your real name), why don't you also point out that Posner is also employing that silly "cycle" notion. Economists (pseudo-scientists, adherenets of "math for math's sake") seem to believe that in putting together their circle drawing from some historical data patterns they have, in the form of "business cycle", discovered something as profoundly insightful as Watson and Crick's DNA structure. They have discovered what they themselves planted. It's about time the "republic of letters" was weeded. But I don't garden for free, so I'll stop here, having already pointed the way. Sat sapienti.

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