1. Cowen’s First Law: There is something wrong with everything (by which I mean there are few decisive or knockdown articles or arguments, and furthermore until you have found the major flaws in an argument, you do not understand it)
2. Cowen’s Second Law: There is a literature on everything.
3. Cowen’s Third Law: All propositions about real interest rates are wrong.
Saturday, April 18, 2015
Until you have found the major flaws in an argument, you do not understand it
Tyler Cowen's Three Laws