Math jocks flying like crazed moths around the lamp post

David Colander on how the National Science Foundation bankrolled the pseudo-scientific climate which made the Bush/Obama depression inevitable.

But let’s not also forget how the Federal Reserve has bought and paid for exactly the “scientific” community it wants.

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I am afraid I have become more and more skeptical of the instructive value of the constructions [of mathematical economics] by which at one time I was greatly fascinated. — F. A. Hayek

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