Comments on: How Did The Economists Get It So Wrong? http://sweetness-light.com/archive/nyt-why-did-economists-get-it-wrong Mon, 13 Feb 2012 03:34:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: proreason http://sweetness-light.com/archive/nyt-why-did-economists-get-it-wrong#comment-160664 proreason Tue, 08 Sep 2009 22:56:35 +0000 http://sweetness-light.com/archive/nyt-why-did-economists-get-it-wrong#comment-160664 Oh there were plenty of economists who saw this coming. All of the ones in the employment of George Soros and Goldman Sachs, for example. But from a scientific perspective, does it count as an accurate "prediction" if you predict that your neighbors house will burn down, and then throw gasoline and a match on it? The economists who "didn't see it coming", weren't aware how eager Mr. Soros, and the GS criminals were to get their water boy elected, nor that the Government via Fannie and Freddie had provided a handy gasoline can and that derivatives had provided a handy match. But then, most economists, unlike the relentless communist Mr. Krugman, are honest people. Oh there were plenty of economists who saw this coming.

All of the ones in the employment of George Soros and Goldman Sachs, for example.

But from a scientific perspective, does it count as an accurate “prediction” if you predict that your neighbors house will burn down, and then throw gasoline and a match on it?

The economists who “didn’t see it coming”, weren’t aware how eager Mr. Soros, and the GS criminals were to get their water boy elected, nor that the Government via Fannie and Freddie had provided a handy gasoline can and that derivatives had provided a handy match.

But then, most economists, unlike the relentless communist Mr. Krugman, are honest people.

]]> By: MinnesotaRush http://sweetness-light.com/archive/nyt-why-did-economists-get-it-wrong#comment-160629 MinnesotaRush Tue, 08 Sep 2009 16:28:07 +0000 http://sweetness-light.com/archive/nyt-why-did-economists-get-it-wrong#comment-160629 DOH!!! DOH!!!

]]> By: EvaTheFrisbeeDog http://sweetness-light.com/archive/nyt-why-did-economists-get-it-wrong#comment-160627 EvaTheFrisbeeDog Tue, 08 Sep 2009 16:25:38 +0000 http://sweetness-light.com/archive/nyt-why-did-economists-get-it-wrong#comment-160627 More like "Why Did Krugman Get IT Wrong?" Markets work, it's governments that promote irrational behavior, i.e. CRA, Fannie, Freddy, Cap & Tax, bailouts, etc. More like “Why Did Krugman Get IT Wrong?” Markets work, it’s governments that promote irrational behavior, i.e. CRA, Fannie, Freddy, Cap & Tax, bailouts, etc.

]]> By: GL0120 http://sweetness-light.com/archive/nyt-why-did-economists-get-it-wrong#comment-160625 GL0120 Tue, 08 Sep 2009 16:21:39 +0000 http://sweetness-light.com/archive/nyt-why-did-economists-get-it-wrong#comment-160625 Anyone who didn't see this coming was either blind or a Democrat. Scratch that, Democrats saw it and eagerly anticipated the expansion of their power. As the saying goes, economics exists only to make astrology seem reasonable. Anyone who didn’t see this coming was either blind or a Democrat.
Scratch that, Democrats saw it and eagerly anticipated the expansion of their power.
As the saying goes, economics exists only to make astrology seem reasonable.

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