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Well, austrian economists have predicted the 2008 housing/financial crisis. A good methodology can predict crises based on aggregate models. Predicting when is
by csentropy 12y ago
Well, austrian economists have predicted the 2008 housing/financial crisis. A good methodology can predict crises based on aggregate models. Predicting when is a different issue, although some have done that, at least with the 2008 financial crisis.
http://www.lewrockwell.com/2010/12/walter-e-block/who-predicted-the-housing-bubble/ http://www.lewrockwell.com/2010/12/walter-e-block/who-predic...
http://archive.lewrockwell.com/block/block168.html http://archive.lewrockwell.com/block/block168.html