macro
Original: macro on Saturday Morning Breakfast Cereal
Transcript
Panel 1:
A woman with brown hair and round glasses stands at a lectern, speaking.
Woman: "According to our macroeconomic model, the economy will crash because of the horror of existence in a vast and doomed cosmos."
Caption below the panel:
The fact that this never happens is proof that economic models don't *really* assume all agents have perfect information.
Votey:
A serene, eyes-closed face is drawn in a hand-sketched style with a speech bubble.
Speech bubble: "If we assume perfect rationality, they all quit their jobs and become poets."
A woman with brown hair and round glasses stands at a lectern, speaking.
Woman: "According to our macroeconomic model, the economy will crash because of the horror of existence in a vast and doomed cosmos."
Caption below the panel:
The fact that this never happens is proof that economic models don't *really* assume all agents have perfect information.
Votey:
A serene, eyes-closed face is drawn in a hand-sketched style with a speech bubble.
Speech bubble: "If we assume perfect rationality, they all quit their jobs and become poets."
Alt text
A woman with brown hair and round white glasses stands at a lectern delivering a presentation. Her speech bubble reads: "According to our macroeconomic model, the economy will crash because of the horror of existence in a vast and doomed cosmos." A caption beneath the panel reads: "The fact that this never happens is proof that economic models don't really assume all agents have perfect information." Votey: A loosely hand-drawn serene face with closed eyes has a speech bubble reading: "If we assume perfect rationality, they all quit their jobs and become poets."
Transcribed by Claude Opus 4.8.