Kim Schoenholtz hosted this term’s Economic Outlook Forum, another full house in Paulson Auditorium. There was lots of good content, but what I remember best is a joke told by Jeff Shafer. As I recall it, Jeff was working with Guillermo Ortiz during the Mexican crisis of 1994-95, when Guillermo mentioned that Christopher Columbus was the patron saint of economists. Why? he asked, playing the straight man. Because Columbus didn’t know where he was going. He didn’t know where he was when he got there. And did it all with government money.
Patron saint of economistsSeptember 3, 2013