> He says that the best economists in the world are traders. Why? Because they have this big number over their head, their profit and loss ("P&L") that everyone

> He says that the best economists in the world are traders. Why? Because they have this big number over their head, their profit and loss ("P&L") that everyone at the bank can see. It also defines their bonus. This is kinda like the difference between climate science vs. weather forecasting. Being good at making short-term returns without giving a shit about the long-term damage it does is not the same as economic policy.