The scandal is that we no longer use it, and for the wrong reasons. Scott Barnard forwards this good NYT article on the subject.
UPDATE: Jim Miller has more to say about the NYT article.
Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
The scandal is that we no longer use it, and for the wrong reasons. Scott Barnard forwards this good NYT article on the subject.
UPDATE: Jim Miller has more to say about the NYT article.