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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (60886)5/27/1999 11:17:00 AM
From: Freedom Fighter  Read Replies (3) of 132070
 
Mike,

My observation of the problem with most economists is that they believe there is a formula that can predict human behavior and the outcome of all the interrelated actions, reactions, and random occurrences. They also assume that the data that is collected is accurate, reflective of the reality, and they can understand all of it.

IMHO there aren't any formulas and most of the data sucks. Hence all their solutions for the various ills in the economy tend to produce new and larger sets of unanticipated problems.

And each economist, after being presented with the new set of problems, will be totally convinced that if only they had listened to "what I said to do".

Now if they would all only listen to me...<g>

Wayne
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