Most economists never saw the 2007 crash and subsequent recession driving straight at them.
Most economists never saw uk unemployment reaching 7.1% by the start of 2014.
Indeed, when it comes to predictions economists track records are worse than attempting to win anything on a lottery.
In light of this please pick the activity you believe those using the label economists, are actually good for:
- The position of court jester.
- Filling hot air balloons.
- Been used in boiler rooms during the depths of a severe winter, or
- Chasing around the village square with very heavy sticks?