Here's the bottom line with all of the above individuals. While they've all proven themselves to be highly educated individuals with impressive credentials, they all share another, less-flattering common trait: they've all be universally wrong in their predictions and prognostications regarding the current recovery. As NDD [New Deal Democrat] pointed out on Thursday, this makes their basic profession a philosophy, not a science. In most other disciplines, this record of inaccuracy would mean their advice was no longer sought. However, they still have an audience and, most importantly, still exert an influence over policy proscriptions. The money question is now, "why are people seeking this advice when they have been this wrong?"The Bonddad Blog
Why Does Anyone Listen To Conservative Economists Anymore?
Hale Stewart
