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I think inaccuracy is necessary for entertainment value. Ancient people for example made much around trying to predict astronomical phenomenon, before we were a

I think inaccuracy is necessary for entertainment value. Ancient people for example made much around trying to predict astronomical phenomenon, before we were able to do that precisely. What is depressing about economics is that we don't really seem to be making progress towards accurate predictions like we have done with physical sciences.

scythe 4y ago
Any economic predictions made around 2018-9 were demolished by the COVID-19 pandemic. Knightian uncertainty is really something.
- slaw 4y ago
  Economic predictions didn't take into account that two weeks lockdown would last a year and Fed would inject $5 trillion into stock market.