Kenny Malone
๐ค SpeakerAppearances Over Time
Podcast Appearances
And there are dozens of these laws or rules or principles or whatever you want to call them.
So, yeah, this episode originally ran in 2018, and we just love this episode.
It is one of those where once you hear these laws, you're going to see them everywhere.
And again, the way to get that is to pre-order the Planet Money book at planetmoneybook.com.
Oh, we were all babies, Sarah.
Hi, is this Professor Goodhart?
And you are Professor Goodhart of Goodhart's Law.
Do you proudly wear that moniker?
Slightly mixed feelings.
And about 50 years ago, Charles Goodhart wrote a paper about monetary policy that included in the introduction a fateful little line.
Okay, hard to understand.
But he was making a very narrow point about how measuring one tiny slice of the economy seems to mess up that slice of the economy.