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To: GraceZ who wrote (28532)	3/22/2005 5:43:46 PM
From: mishedlo	Read Replies (2) \| Respond to of 306849

When is this board going to be renamed to "philosophic discussions anonymous"? Really, this board is getting silly. Perhaps it's a sign that housing is really ready to turn down now that we are bickering about every damn thing else. Not trying to signal you out but anyone else might get upset if I send that post to them. I thought you would laugh about it. Mish

To: GraceZ who wrote (28532)	3/22/2005 8:16:23 PM
From: Tradelite	Respond to of 306849

I'm getting a kick out of this bantering among "economic experts". No one would believe this, but I got paid good money to actually write for two well-known economists who held high positions in the U.S. government. (Of course, I can take no credit for the ideas that I wrote about, only for using their ideas and positions to craft the words for specific occasions which they had no time to craft themselves.) One of those well-known economists had plenty of self-effacing jokes about economists and economics in general, and the other one (from Harvard) took himself quite seriously but also had his self-effacing moments. The chief economist on this thread from California has neither of those characteristics. It's a hoot to watch this. Definitely looks like an ego trip.

To: GraceZ who wrote (28532)	3/22/2005 8:37:01 PM
From: Elroy Jetson	Respond to of 306849

I think that overstates the case a little. But not only do we not know the future - but we're also dealing with people. In spite of the best efforts to understand people we still don't. Most barely understand themselves. The best way to go wrong with an economic forecast is to assume that people are always rational, or even to assume that they're rational at all. Econ doesn't help anyone predict the future because the future is unknowable. The best you can do is learn about what idiotic ideas, that sounded so good at the time, have been tried numerous times to disastrous results.

To: GraceZ who wrote (28532)	3/30/2005 5:36:19 PM
From: tonto	Read Replies (1) \| Respond to of 306849

Your most recent reply comes across differently than an earlier post by you: Economics is a finished science, it is complete. All the questions and problems you guys beat yourself up over day in and day out have all been solved long ago. You have confused me as to what you you really mean...which is not that difficult... Econ doesn't help anyone predict the future because the future is unknowable. The best you can do is learn about what idiotic ideas, that sounded so good at the time, have been tried numerous times to disastrous results.