4 ms·
That's correct, but it's a far cry from the claim most economists were "unwilling to entertain the idea that the housing market could collapse." Also 2008 surp
by eloff 6y ago
That's correct, but it's a far cry from the claim most economists were "unwilling to entertain the idea that the housing market could collapse."
Also 2008 surprised almost everyone, so saying economists couldn't predict it is not much of a slander. Neither could banks, governments, hedge funds, or multiple other groups whose business it was to watch out for events like that.