In response to:

Don’t Trust Economists, Part II

traitorbill Wrote: Jan 28, 2013 11:20 AM
There is a new field: intentionomics.

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

Related Tags: trust