Home > economics, Off Blog > Oh Really? You could have told us that 60 years ago…

Oh Really? You could have told us that 60 years ago…

December 22, 2008 Leave a comment Go to comments

From Martin Wolf, chief economics commentator for the Financial Times:

“This, in short, is a time for humility. Why did we [economists] mostly get ‘it’ so sensationally wrong? How did something that looks increasingly like the precursor of a slump creep up on almost all of us this year? It is a pretty good question. It is a pretty embarrassing one, too. It is one everybody I meet now asks.”

Perhaps, because you economists are a bunch of worthless, over-rated toadies to power, trapped in a bizarre make-believe world of your own construct.

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