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The Path to Economic Growth Is An Absence of Economists
The great investor and writer Andy Kessler frequently points out that the failure rate among Silicon Valley start-ups is 90 percent. Every member of the economics profession would be wise to memorize the previous figure, and repeat it daily. If so, economists might come closer to understanding why they’re mystified by what they deem slow economic growth. And mystified they are. So much so that they’ve apparently given up. According to New York Times reporter Binyamin Appelbaum, the theme that emerged from the Kansas City Fed’s Jackson Hole confab is that economists have ceased offering growth proposals. ... (full story)
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- deltaone
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- Mingary
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- Calculus
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Road To Wisdom? To err and err and err again, but less and less and less...
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- AiWoZhongHua
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- deltaone
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fortis fortuna adiuvat
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- Trainman
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Sure I have a trading plan. Buy low. Sell high. What's yours?
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- AiWoZhongHua
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