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The point isn't Brexit, it's that economists have a hard time predicting fallout from political events, and therefore people have a hard time believing economic
by sverige 10y ago
The point isn't Brexit, it's that economists have a hard time predicting fallout from political events, and therefore people have a hard time believing economic experts. It notes at least two other recent instances where the doomsayers were wrong. I can think of many other cases where economists predicted loudly that the sky was falling and were wrong in recent decades. I can also think of some big cases where they failed to predict big busts.