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As a counter argument it seems to me that if you are an expert in a field you can generally predict disasters and be wrong and people tend to not care so much,
by pantsforbirds 6y ago
As a counter argument it seems to me that if you are an expert in a field you can generally predict disasters and be wrong and people tend to not care so much, but if you predict a more positive outcome and you are wrong people will never forget. I think this kind of societal reaction pushes experts to being more willing to give severely negative predictions.
- TheCowboy 6y agoAnother factor that might cause economists to sound doom and gloom is that once you do hit a certain point it's much more difficult to get out of it using conventional policy tools. You run an increased risk for an actual prolonged depression and start doing greater amounts of long-term economic damage.