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>Isn't that kind of a subjective opinion? I wasn't using it as such. If an economist gets the ear of a president, is employed by the ECB (as the above economis
by crdoconnor 10y ago
>Isn't that kind of a subjective opinion?
I wasn't using it as such. If an economist gets the ear of a president, is employed by the ECB (as the above economists were) or a column in the New York Times they're 'respectable'.
>Liberals love to push Keynes economic theories and hold him up as some kind of expert.
Conservatives use his theories too. Republican politicians who fight tooth and nail for military spending in their districts know exactly what they're doing and why.
>Even in these circles it would be hard to find someone who's actually objective about what they're seeing.
A good litmus test of this is to look at their predictions and see how they stack up to reality.
Some predictions are just bad, some are so persistently awful that they indicate that the economist has incentives that lead them to tell flat out lies.
The above graph is a good example of that.
- MaysonL 10y agoAnother, even better, litmus test is whether they ever change their mind when they've been wrong.