Jeff Holmes: prediction

Transcript context

…Yes. That was the first era. We’re talking a little bit about the first era in Marginal Revolution. The second one, I would say, is 2008 to 2016. You have the Great Recession, the financial crisis of ’08, which after the rise of popular economics, suddenly a huge crisis that everyone has to talk about right now. It’s clearly the biggest economic issue in the world. That leads on to great stagnation, and how do we bounce back because it was such a long recovery. Again, do you agree that that’s the right way to think about that era? And what do you think of that time in MR history? Yes, 2008–2010, the financial crisis, I think, was the peak of the blogosphere. To me, watching in real time, people trying to figure out what is going on and actually not having a clue, but seeing people like Tyler, Scott Sumner, Paul Krugman, Mark Thoma, really a bunch of macroeconomists, top people, the very best people in the world were literally, in real time, struggling to understand what was going on and trading ideas with one another. We were invited to the Treasury to talk with —…

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