Unfortunately that is not an exaggeration. He concludes his column this morning about the difficulties the folks at the I.M.F. meetings have in promoting growth by telling readers:
"We’re witnessing a historic break from the past. I think the IMF forecasters deserve some sympathy. They’re dealing with a global economy that strains our intellectual understanding and is outside their personal experience. We don’t know what we don’t know."
Samuelson tells us that there are three huge problems. F...
Published on October 13, 2014 02:39