This Is What A PhD In Economics Looks Like
We read the paper entitled “Economics is Hard. Don’t Let Bloggers Tell You Otherwise” and we got the point that the author does not think much of people on the internet writing about economics. Apparently if you don’t have a PhD in econ you are an idiot and can’t contribute anything to the discussion.
We could go off on him for days, but instead we will just say this, the current PhD in charge of the fort once said that we could use helicopters to dump money into the economy.
Who needs a PhD in Econ if this is an acceptable solution? If you are broke and are able to print money even a 5th grader could tell you to just hit print. I for one and glad that we have such enlightened people up at the Fed. Between all the PhD’s that our tax dollars employ we should be in economic nirvana in no time at all.
Happy Trading,
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