What is interesting is that the problems of 'rational expectations' and 'real business cycle' failed to actually work the way that they are still championed to have been workable.
The tragedy for americans is that we are still obliged to deal with the real realism that actually occurred back then. Or not. Since we can just as easily live in a post-surrealist time, when economics is about BargelZanking The FreegNark!
Since as we all know, Barrak is a Socialist socializing birther certification!