Sunday, January 4, 2015

On anti-intellectualism in "economic analysis"

I would just like to point out that yes, indeed, mainstream economists do know that GDP reports are lagging indicators. And they do also know about coincident and leading indicators, and they do indeed watch those.

In fact, the terms "lagging indicator", "coincident indicator" and "leading indicator" were invented by economists, and not by bloggers.

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