Lets spend a couple of seconds thinking about the beautifully written speech that president obama said it was an historic speech and it really important one. Tom and some controversy on both sides. Did you see the headline come across the bloomberg from Prime Minister abbe . Many Young Americans died in the war. That is an extraordinary headline to see the president and the Prime Minister with the memorial behind them. This is deeply emotional from my childhood. That is not a church. Although it has bordered on a religious moment. Hiroshima hall, arguably one of the great World Heritage site. Just extraordinary to see this moment. I was caught by the president speaking of a terrible force. We know he will meet with for survivors of that 1945 bombing. Get to the bloomberg first word news. Ine of president obama hiroshima. Historydent obama made moments ago in japan, the first sitting president to visit hiroshima. The president placed a wreath at ground zero. He said the bombing shows th
Chapter starts with a quote which ill read to you in its entirety. This talks about economics specifically wrong and microeconomics talks about things economists a wrorng about generally. Jokes aside, i dont think that does justice to the profession. I think in micro, i believe that is well published on which most academics agree, and by the standard of social sciences, a rigorous way of settling this agreement that is some scope for rigorous conclusive agreement, and they like to say micro is one true theory with many applications and macro has no true opinions. I think thats a fair assessment. Think about basic social relevant policy questions like did the obama stimulus, the agent of 2009 increase employment or not . If not, was it because it was too big or too small . It becomes really remotely resembling the policy question, and so theres always a lot of answers surrounding the answer, notwithstanding the fairly certain claims made by people who sort of know or think they know for