Must-Read: Jared Bernstein: ‘Why Did Nobody Notice It?’: “Paul Romer… gave a lecture… ‘The Trouble with Macroeconomics’… tore contemporary macro a new one… http://democracyjournal.org/magazine/45/why-did-nobody-notice-it/ …His essay argued that the discipline has been sliding backwards for three decades, smitten with mathematical models that have little to do with reality. And every time reality reared its head … Continue reading Must-Read: Jared Bernstein: ‘Why Did Nobody Notice It?’