Sunday, September 30, 2012


During the pre-game, one of the former coaches says, "Winning the game will do wonders for their confidence."

It's true. Even a good team has bad days and even a bad team has good days. The team that comes in confident has a real advantage.

But there is more to the game than confidence.

Market Monetarists believe that the way monetary policy works, and the way it should work, is primarily by expectations...

But there is more to the game than expectations.

1 comment:

Jazzbumpa said...

I guess all the economists - even Keynes and Krugman - believe(d) in the magic of expectations.

I think it's an absolute crock.