Goldman Sachs economist Avinash Kaza has an interest hypothesis about why the Wall Street Journal's panel of economists are pessimistic about inflation, despite recent good numbers.
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It is expensive to be rich.
Posted by: Jake | July 27, 2005 at 11:09 AM
It is a plausible theory, My own theory is that most economists are not worth a crap. (Not including you!)
Posted by: Kyle | July 27, 2005 at 06:24 PM