Thursday, February 19, 2009

Word of the Day

. Thursday, February 19, 2009

Econorrhea:

Broadly, attempts to explain why trillions of dollars in the world economy suddenly ceased to exist in the fall of 2008.

Specifically, any attempt to explain an economic principle, process, or effect that fails to follow the linguistic conventions of syntax and sense. Example: credit default swaps.


(ht: Blattman)

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