On Tue, Jan 13, 2009 at 2:58 PM, David B. Shemano <[email protected]> wrote: > While I am writing, to those of you complaining about the bankruptcy of the > economics professions for failing to forsee the events of 2008, what > conclusion are you drawing? The conclusion that I draw is that if thousands > of very smart people devoted to understanding our economy couldn't accurately > predict what was going to occur, why do we think a few dozen government > officials could do any better? >
Maybe those people were not "devoted to understanding our economy", but were rather involved in a propaganda exercise to justify existing power relations? Or maybe they were not all that smart after all (irrespective of what they scored on an IQ test)? I believe it is a combination of the above two. -raghu. -- "Why is the man (or woman) who invests all your money called a broker?" - George Carlin _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
