Friday, July 8, 2011

Romer Redux: Or Why Should We Believe Them?


The Romer curve data and the actual unemployment is shown above. Clearly we have a divergence from what was so dutifully predicted based on "economic science" and reality. And the folks that brought us this want to just do more.


The above shows the variance from reality. Clearly the people have lost faith and this is the beginning of a further downfall.