For calling the last three recessions surveys did better than economists' forecasts. You see similar results for forecasting and reporting current price inflati

For calling the last three recessions surveys did better than economists' forecasts. You see similar results for forecasting and reporting current price inflation. I don't really buy that the common American man is an idiot. "Elites" have pushed most idiotic economic and foreign policy initiatives against the popular will. Americans have generally had to be tricked by lies and expensive PR campaigns into supporting wars, for example. Their initial judgments were sound.