Our local weathermen have historically been the brunt of many jokes. They are seen as being good guys, just inept at predicating the weather. Economists on the other hand are bastions of academics. Very well respected and very well educated people. However, can they predict anything? If statistics could be gathered to measure the accuracy of the forecasts of economists vs. our local weatherman, I am betting on the weatherman. Of course, in gathering these statistics we would be confronted with the myriad of opinions put forth on any one topic. We all know you can always find at least one economist to back you up. For our purposes we would just have to use the most prevalent opinion.
|The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.