There are two distinct phases of your argument... I've highlighted each in distinct colors... Please be so kind as to identify those SPECIFIC participants to whom you refer in the blue phase and those to whom your refer in the red...
Both are specifically directed to any of you on either side of this debate who think that you can KNOW what the outcome events in the economy will do to that macroeconomy.
So I GUESS I'm directing this to both those of you who think you are Chicago School of Econ neo-cons AND the Chicago School of Econ Kynesian economists, too.
ACtually I suspect that those boys (in both camps) know this without my help, but it seems pretty obvious to me that a lot of players on this board do not.
You boys come at problem of economics thinking you can easily pin (for example) the root cause of the current markets on (again for examples) ACORN, or people who bought house they cannot afford, or the FED or whatever.
You are a prime example of that the economy works like a clockwork ignorance that I am trying to describe.
My point is that the economy is not a mechanistic system it's an ORGANIC system.
In fact all social science has to cope with the problems of dealing with an organic social system which is NEVER the same organic social system that it was yesterday.