greenspan meets chaos theory

  1. 1,544 Posts.
    I've just read John Mauldin's weekly letter, and if any of you don't get it [free] you should.
    In this week's letter he discusses Greenspans latest sermon from the mont in which he admits that economic models cannot work, nor will they ever do so. All then can do is give some indication of the main problems and that central bankers must use human judgement to decide any course of action thereafter.
 
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