raytayzmd

Economists: They're Just Modelers

...good article but not nearly scathing enough...economists KNOW the limitations of their profession; they KNOW they no clearer a crystal ball than any Jane, Dick, or Harry when it comes to predicting the future; they KNOW that their advice running an economy has about as much merit as that of a witch doctor...but do they ever admit that whenever an reporter asks for an interview or a politician asks for advice -- nope!...their faces pop up again and again in the news with them being treated as authorities but with no disclaimer pointing out the fallacy of such a claim...the public and, unfortunately, many politicians -- both groups,in general, lacking any training in critical thinking -- are prone to fall for whatever they say...as Erasmus pointed out: "There is an infinite supply of fools."