All is well until tommorows online article

[dan c]

I disagree, economists is acutely aware of this. The problem is the scope and predictability of intervention.

I'm not particularly familiar with Steve Keen or his work. What's this obsession with variables?

Steve Keen predicted a 40% drop in the housing market, 10 to 15% unemployment and 0% interest rates. When his predictions failed to materialise, he blamed the government interventions (FHOG boost etc), and said he would have been right if the government didn't intervene.

In other words, he didn't see the intervention coming, otherwise his predictions would have looked markedly different.

Link

 

[HomeBuyerStrike]

Thanks for the link. It doesn't inspire confidence in the bloke. Especially if he couldn't be bothered reading the Henry Tax Review.

 

[Aaron Sice]

Thanks for the link. It doesn't inspire confidence in the bloke. Especially if he couldn't be bothered reading the Henry Tax Review.

tell me about it - and then he's up on the pedestal heralded as an expert.