Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work.

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Default data driven economics

On Wednesday, June 17, 2015 at 7:56:20 PM UTC-4, F. George McDuffee wrote:
While not directly metal or cnc related, there has been
considerable recent discussion about basic socioeconomic
policy such as minimum wage. If you are interested in
these important topics, and want more information than
bumper stickers or sound bites, the following academic
paper shows how data analysis is displacing philosophical
theorizing.


With an article like this: "Computer-Driven, Automatic Trading Strategies Score Big. So-Called Quant Traders Take Advantage of Volatility", how can anyone take macroeconomics seriously, anymore?

-- http://www.wsj.com/articles/computer...big-1423184155
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