Uncertainty — Brian Romanchuk

Summary:
The coronavirus news flow is getting worse, and generating corresponding news flow. I just want to make a couple comments that stick close to my limited expertise. From a markets standpoint, the market that matters is the credit market, and not equities. I am not plugged into the credit market news flow, but I do not see anything that indicates that anything is irreversibly broken. Otherwise, the situation underlines the big difference between randomness and uncertainty. This is a geeky distinction, but is one of the things that distinguishes post-Keynesian thinking from neoclassical.... Bond Economics UncertaintyBrian Romanchuk

Topics:
Mike Norman considers the following as important: john maynard keynes, randomness, uncertainty

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