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24 2011

Economists….problem or solution?

Syndicated from: Paul Bridle

There is nothing wrong with economists. The issue is when we start believing them. They are expressing an opinion (and have a right to do so) but it is their opinion based on what they see and the facts they choose to look at. If anyone takes their opinion and accepts it as gospel, then who is the fool? In a fast changing and dynamic world, nobody can know all the variables and take them all into account. I like seeing what economists are saying because it gives a new perspective on the world and broadens my mind. But to believe that they have the answer, or know the future, is foolish. It is like trying to give astrology an engineering status, it is simply not realistic.

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