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1. Matthew Davidson (mjd)'s status on Monday, 26-Aug-2019 02:06:54 EDT Matthew Davidson

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   The power to define the conventional wisdom is awesome and terrible. "I don’t care who writes the nation’s laws — or crafts its advanced treaties — if I can write its economic textbooks." #q Paul Samuelson https://microblog.mjd.id.au/url/29766 #economics #notetoself
   • Matthew Davidson (mjd)'s status on Monday, 26-Aug-2019 02:56:26 EDT Matthew Davidson

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     In Greg Mankiw's 800-page "Principles of Economics", heir to Samuelson as the current undergraduate bible, the Great Depression and the GFC are together covered in a mere three pages. Thus are the spectacular failures of conventional wisdom shunted to the sidings. https://microblog.mjd.id.au/url/29766