[ExI] Inflation graph

[Mirco Romanato]

Il 30/11/2013 13:17, BillK ha scritto:

>> But supply-demand is a rather solid prediction approach.)

> i.e. in theory the prediction works, in practice it mostly doesn't.
> (And when it does appear to work, it is only for a short time).

As Mises and other explained, economics is a social science and must be
studied with praxeology.

People are not quark or billiard balls;
they are not rule bonded but goal oriented (and they change their mind
often).

Just read the first pages of Rothbard "Man, Economy and State."
It is easy to understand even for a freshman.

Mirco