> Any "science" whose theories aren't falsifiable and cannot make useful predictions of future behavior isn't a science. Economics makes all sorts of falsifiab

> Any "science" whose theories aren't falsifiable and cannot make useful predictions of future behavior isn't a science. Economics makes all sorts of falsifiable statements, including (recently) on tariffs, and in the past, tax cuts and "expansionary austerity": * https://en.wikipedia.org/wiki/Kansas_experiment https://en.wikipedia.org/wiki/Kansas_experiment * https://en.wikipedia.org/wiki/Expansionary_fiscal_contraction https://en.wikipedia.org/wiki/Expansionary_fiscal_contractio... There were predictions in the 2010s where some folks said QE wouldn't be a big deal, but others were giving dire warnings: > We believe the Federal Reserve’s large-scale asset purchase plan (so-called “quantitative easing”) should be reconsidered and discontinued. We do not believe such a plan is necessary or advisable under current circumstances. The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve the Fed’s objective of promoting employment. * https://www.hoover.org/research/open-letter-ben-bernanke https://www.hoover.org/research/open-letter-ben-bernanke The real difficulty in economics is predicting what humans will do: Feynman once joked "Imagine how much harder physics would be if electrons had feelings"—or free will . Well, that's just the situation that economists are in. For your inflation example, we know of causes such as demand-pull, cost-push, and expectations: * https://en.wikipedia.org/wiki/Inflation#View_post-2000_to_present https://en.wikipedia.org/wiki/Inflation#View_post-2000_to_pr... The US saw demand-pull from the COVID recovery funding (to help kickstart the economy) and inflation was expected: * https://www.piie.com/blogs/realtime-economic-issues-watch/inflation-fears-and-biden-stimulus-look-korean-war-not-vietnam https://www.piie.com/blogs/realtime-economic-issues-watch/in... What wasn't expected was a simultaneous effect of cost-push factors due to energy and food prices spiking due to human actions: * https://en.wikipedia.org/wiki/Russian_invasion_of_Ukraine https://en.wikipedia.org/wiki/Russian_invasion_of_Ukraine There was also a change in human behaviour between services demand and goods demand that had a long tail: * https://www.frbsf.org/research-and-insights/data-and-indicators/supply-and-demand-driven-pce-inflation/ https://www.frbsf.org/research-and-insights/data-and-indicat... * https://www.frbsf.org/research-and-insights/publications/working-papers/2025/04/demand-versus-supply-which-is-more-important-for-inflation/ https://www.frbsf.org/research-and-insights/publications/wor... * https://www.frbsf.org/research-and-insights/publications/economic-letter/2025/06/is-demand-or-supply-more-important-for-inflation/ https://www.frbsf.org/research-and-insights/publications/eco... The difficulty is not in the predictions, but in accepting accurate ones from accurate models and living life and making policy based on them. Some folks simply do not wish to "accept" them, or wish to ignore them to pursue their own interests. Climate change models are not inaccurate because people reject their accuracy and smother the findings.