Tuesday, March 09, 2010

Quote of the day

If the world doesn’t act like its described by Freshwater Models then all the elegance in the world can’t save you. If the only explanation anyone can think of that fits the data is that a Giant Purple Elephant did it. Then Giant Purple Elephants it is.
Karl Smith, talking about neo-classical ("freshwater") economists vs. neo-Keynesian economists (the giant purple elephant people).

-- Badtux the Snarky Economics Penguin

1 comment:

  1. Neither insults or compliments change anything. Interesting dilemma.


Ground rules: Comments that consist solely of insults, fact-free talking points, are off-topic, or simply spam the same argument over and over will be deleted. The penguin is the only one allowed to be an ass here. All viewpoints, however, are welcomed, even if I disagree vehemently with you.

WARNING: You are entitled to create your own arguments, but you are NOT entitled to create your own facts. If you spew scientific denialism, or insist that the sky is purple, or otherwise insist that your made-up universe of pink unicorns and cotton candy trees is "real", well -- expect the banhammer.

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