I’ve said on a number of occasions that macroeconomics is kind of like religion (strong conflicting ideologies, lack of conclusive data, etc.), but even I think that this is taking things a bit too far:
In fairness, I would probably go to church more often if the sermons were on topics such as Alan Greenspan and financial markets. Hell, I’m even tempted to go to this thing just to find out what the phrase means in a religious context and whether Reverend Williams’ co-opting of Greenspan’s phrase is intentional or unintentional. (If you don’t hear from me for a while, it’s because I got struck by lightning.)
In related news, is this is the new bible?