In response to:

Don’t Trust Economists, Part II

DavidM Wrote: Jan 28, 2013 9:16 AM
I hope you are joking. Since we havent passed a budget since 2009, we have spent the 800 billion dollar "stimulus" EVERY SINGLE YEAR since then. And the economy is in the crapper. Bill Clinton's spending as percent of GDP was 5-6% lower than Obamas and the economy was good. You Keynesians really need to seek help, or a history book. None of your "govt spending spurs the economy" garbage ever works. But each year you are singing the same tune...
same10 Wrote: Jan 28, 2013 1:55 PM
If you do what you did,
you'll get what you got.
traitorbill Wrote: Jan 28, 2013 11:27 AM
Obama is enough to make one yearn for the Clinton years.

Back in 2010, I shared a remarkable graph comparing the predictions of economists to what actually happened.

Not surprisingly, the two lines don’t exactly overlap, which explains the old joke that economists have correctly predicted nine of the last five recessions.

It’s not that economists are totally useless. It’s just that they don’t do a very good job when they venture into the filed of macroeconomics, as

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