“Today most of the debate on the cutting edge in macroeconomics would not call itself “Keynesian” or “monetarist” or any other label relating to a school of thought. The data are considered the ruling principle, and it is considered suspect to have too strong a loyalty to any particular model about the underlying structure of the economy.”

“Today most of the debate on the cutting edge in macroeconomics would not call itself “Keynesian” or “monetarist” or any other label relating to a school of thought. The data are considered the ruling principle, and it is considered suspect to have too strong a loyalty to any particular model about the underlying structure of the economy.”

— Tyler Cowen