Tuesday, February 17, 2009

Postmodern Economics

Gene Veith comments on the US congress passing the stimulus bill. Here is his critical insight: Note the postmodernism of all of this: What we have done to truth we are now doing to economics.”

That is worth pondering. There apparently are no absolute economic truths. Having speculated on these things, and made the bet, now we will have to see what results from the experiment.

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