Sunday, September 21, 2008
The Economists and Alice
I've been reading everything I can get my hands on so that I can understand this economy situation we're having in the U.S. It is really scary, to say the least. In several reports, I had to smile (and think of Bob!) as I heard Alan Blinder, an eonomist at Princeton and a former vice chairman of the board of governors at the Federal Reserve, say, "We're deep into Alice in Wonderland's rabbit hole."
I've never really thought of these economists as reading much beyond Milton Friedman and the like. It's great to see that they're well-rounded!