Looks like I can forget about Economics
Posted 16 April 2012 - 03:29 PM
Don't tell TASB that that's what it's all about...
That certainly applies to today's misguided belief that economics is a hard science. It does not fit the model that economics is a social science and human action can not be quantified. Predicting piss pour attempts at hard science in the field become rather easy though.
Posted 16 April 2012 - 03:35 PM
Posted 16 April 2012 - 04:15 PM
Posted 16 April 2012 - 04:21 PM
In a truly freed market and eocnomic atmosphere, predicting things becomes much more difficult. it also leads to far less cascading inter-market downturns that a re much shorter lived.
At any rate, it's a good picture that captures the essence of todays economic mentality, sans those that can have and keep predicting thing accurately.
Posted 16 April 2012 - 08:07 PM
If they do, then they're lying.
It's really just a guessing game based on statistics and probability.
Posted 17 April 2012 - 06:30 PM
Unless the deck is stacked.
that's true... and it probably is, but like the old saying goes, those who know won't say, and those who say don't know.