Veronica > Status Update

"Western economists generally considered input-output matrices to be of limited use because they failed to capture the dynamism of an economy—in the real world, the relationships between inputs and outputs almost invariably shift faster than they can be estimated."

I only just realized this hymn to late capitalism was published in 2007 before the global crisis, of which Alan Greenspan was a participating architect and (frankly) villain. It feels abysmally incongruous to be reading a panegyric to capitalism, which is revealed to be, in fact, a eulogy.