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Lars P. Syll — Milton Friedman’s permanent income hypothesis — so wrong, so wrong

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It didn't studies to know this hypothesis is wrong, but here it is. A problem with appealing to "rationality" is that it opens a backdoor to sneaking in ideological assumptions.Lars P. Syll’s BlogMilton Friedman’s permanent income hypothesis — so wrong, so wrongLars P. Syll | Professor, Malmo University

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Mike Norman writes Lars P. Syll — The Permanent Income Hypothesis


It didn't studies to know this hypothesis is wrong, but here it is.

A problem with appealing to "rationality" is that it opens a backdoor to sneaking in ideological assumptions.

Lars P. Syll’s Blog
Milton Friedman’s permanent income hypothesis — so wrong, so wrong
Lars P. Syll | Professor, Malmo University

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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