In the early-mid 20th century, economists stopped listening and began commanding. Instead of trying to understand how economies worked, they started to tell them what to do.Bill Bonner on Incompetent Economists.
And now, economists are almost all mountebanks and scamsters. They pretend to know what they don’t know at all. And they pretend to be able to do what they can’t do. They meddle. They interfere. They make precise estimates and forecasts. They make pompous judgments. They almost sound like they know what they are doing.
Whose Shoulder?
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For to us a child is born,
to us a son is given,
and the government will be on his shoulders.
Of the increase of his government and peace
there will be ...
1 day ago
1 comment:
For several years I had a deskmate who was from Romania. His family lived behind the iron curtain until their escape in the late 80's. His father was an economist for the communist government. I think he changed his views just a bit upon moving to the West. ;)
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