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
Neither insults or compliments change anything. Interesting dilemma.
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