I’ve already pointed out that economists are lousy forecasters.
And I’ve explained why you shouldn’t trust economists (at least if they’re macroeconomists).
Now let’s enjoy a bit of humor I saw on Greg Mankiw’s blog.
We may as well laugh as things go to hell in a handbasket, right?
If you like that, you’ll love this…
[…] No wonder it’s so easy to make fun of us. […]
[…] But as every good economist will tell you, it’s the real world that’s messed up, not our theories. […]
[…] But as every good economist will tell you, it’s the real world that’s messed up, not our theories. […]