
Over the years, I have read plenty of articles on economists forecasting the future but what troubles me is why they are so abysmal at getting them correct
Take the crash of 2008. Why didn’t they predict it years before based upon the facts on hand viz the granting of loans based upon dubious or non-existent security? Subsequently why didn’t they predict the rapid recovery – one can even call it an over-exuberant recovery.
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