Bloggers lampooned DSGE by turning its own rational-expectations logic against it

Evidence

A good DSGE joke current on the blogs is: “Based on all available information, I rationally expect DSGE models to suck for an infinite number of future periods; and because I am a representative agent, everybody agrees with me.” — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 784

Categorization

• CANDY: A self-contained, tweetable joke that needs almost no setup to land.
• XREF: connects to: Post-crisis attempts to make DSGE models realistic are self-contradictory — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 801

Broader Connections

• Post-crisis attempts to make DSGE models realistic are self-contradictory #complicates (0.70) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 801