Economists don’t actually know anything. They say “estimates”. I say “guesses”.

March 11, 2020 § Leave a comment

https://www.civilbeat.org/2020/03/economists-hawaii-visitor-spending-will-drop-10-from-coronavirus/?utm_source=Civil+Beat+Master+List&utm_campaign=f3f313bbf9-EMAIL_CAMPAIGN_2020_03_10_08_23&utm_medium=email&utm_term=0_51c2dd3cf3-f3f313bbf9-401788261&mc_cid=f3f313bbf9&mc_eid=b4b65c937c

 

And when their “estimates” are wrong, it’s not like they get a cut in pay, fired, or suffer any negative consequences.

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You are currently reading Economists don’t actually know anything. They say “estimates”. I say “guesses”. at Wednesday in the Age of Reason-Munchausen (1988).

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