Gonzalo Lira’s Response to Ackman

Relying On The Gods From The Machinery: The Weird and Disturbing Teleological Approach to Discussing Macro-Economics

by Gonzalo Lira
It’s funny how, in the middle of a street fight, you can come across a diamond.

“Please, O Great God of the Golden Calf!
Please don’t take away my 401(k)!”
Last Monday, Rick Ackerman wrote a fairly fatuous deflationary rant which caught my eye, obliging me to respond on Tuesday with a dissection of Ackerman’s . . . “argument”.

Actually, I didn’t so much dissect it as give it an autopsy—the

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