3 ms·
If a single economist (or anyone) could predict the future, they'd be wealthy because they could bet against the prevailing wisdom. If a lot of people predict t
by dtgriscom 3y ago
If a single economist (or anyone) could predict the future, they'd be wealthy because they could bet against the prevailing wisdom. If a lot of people predict the future, and share their guesses, then those predictions are the prevailing wisdom and there's nobody to bet against.