Written by John Lounsbury
This article is so short that it doesn’t even get a “Read more…” continuation. We are able to make it so short because it is an argument made by assertion (and therefore an Opinion post) with a derivation link for reference.
Below is the most fundamental Econometric relationship ever produced:
R2 = 1.0000000
The perfect correlation was derived by this author. The fundamental equation was derived by John J. Siegfried, University of Wisconsin.
Hat tip to Naked Capitalism.