Great explanation of Rational Expectations - the critique that shock the economics profession (especially Keynesians) - and why it helps explains what's going on today.
I am a Professor and Warehime Chair in the Department of Economics at Susquehanna University. I created this blog to write thoughts about local, state, national, and international economic topics.
Note: the views reflected here do not necessarily represent the views of Susquehanna University.
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