Here is an interesting discussion on Newsnight with Hedge Fund manager Hugh Hendry, economist Jeffrey Sachs and Financial Times' Gillian Tett.
The fascinating part is the engagement between Mr. Hendry, supposedly a fan of Austrian economist Jesus Huerta de Soto, and the mainstream camp whose views seem to be represented by academist Mr. Sachs. (hat tip Mises Blog, Jeffrey Tucker)
Some important comments by Mr. Hendry (courtesy of the comments posted at the Mises Blog)
~2:30 “When you bring on a professor and when you bring on a politician, they are unaccountable. If Jeffery’s wrong, he will survive in tenure. If I’m wrong, I go bankrupt. Who do you want to bet with?”
And,
~4:50 “I don’t know, was Jeffrey skiing two months ago? Because I was working and Julian was working. So we can tell you about the real world, because it doesn’t look like two months ago.” To which Sachs responded “please watch your language.”
Again more reasons not to trust presumptuous mainstream (ivory tower) views.
The fascinating part is the engagement between Mr. Hendry, supposedly a fan of Austrian economist Jesus Huerta de Soto, and the mainstream camp whose views seem to be represented by academist Mr. Sachs. (hat tip Mises Blog, Jeffrey Tucker)
Some important comments by Mr. Hendry (courtesy of the comments posted at the Mises Blog)
~2:30 “When you bring on a professor and when you bring on a politician, they are unaccountable. If Jeffery’s wrong, he will survive in tenure. If I’m wrong, I go bankrupt. Who do you want to bet with?”
And,
~4:50 “I don’t know, was Jeffrey skiing two months ago? Because I was working and Julian was working. So we can tell you about the real world, because it doesn’t look like two months ago.” To which Sachs responded “please watch your language.”
Again more reasons not to trust presumptuous mainstream (ivory tower) views.
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