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As an armchair sceptic — ask 100 economists how the world in economy will fare in the next 20 years, and not only will you get 100 different answers, you'll sti
by julianlam 4y ago
As an armchair sceptic — ask 100 economists how the world in economy will fare in the next 20 years, and not only will you get 100 different answers, you'll still manage to find one that hits the mark every single time.
That doesn't necessarily mean they knew what they were talking about. Could be they just got really lucky.
In a recession we're always looking for a way out, a silver bullet, someone to whom we can hitch a ride (and our money) to.
- hotpotamus 4y agoIf you only get 100 opinions, I'd say you've managed to pick the 100 laziest economists in the world.
- jkhdigital 4y agoYou're not wrong, but that's why you always listen to their explanations for their predictions. The mental models that generate these predictions are where the wisdom lies.