“Professional economists” predicting the future: the con that never fails

Do you want a job working as a con man?

15 comments on ““Professional economists” predicting the future: the con that never fails
  1. Bruce says:

    I haz tea leaves.
    Let’s keep the con back in economy, yo.
    Con in Greece without souvlaki can wait.

    Reminds me of:
    The Banker – YouTube

  2. sam says:

    That’s nothing Max, Have you heard the words they are using about the increase in pension payments,

    “We’re changing the way people pay into the pension, so that they HAVE to pay more now so that MAY have more money when they retire. “

  3. Flopot says:

    This is f**king hilarious and more or less confirms Steve Keen’s statement that the classical economics model cannot predict s**t because it is not a theory. It is an ideology.

  4. evolutis says:

    Meanwhile back on the ranch, the sheep; not really knowing what a blow job is… they think it’s “a service Pep Boys offer, to clear your carburetor.” Well … for ffsake, let’s all gather round old fireside Merv, Shall We?? LOL “Mervin King: we can’t predict the future, he says and we probably can’t prevent more crisis from happening.”

    Of course, had we looked , we might have cared to notice, that Merv! Fer chris sake, you studied Keynes, not life?? Geez Merv, your nothing but a metaphor for Pep Boys. Of course, had we looked , we might have seen, that of course the future is, in fact not predictable … And moreover Merv, … Merv are u listening? That is just fine!

    The knowledge based system we and all of life, is designed to thrive and prosper in will not stand for it. A predictable future [Religion} having all the answers would stop the infinite flow of information and energy dead in it’s tracks. Life would seize; and if we keep dicking in the an artificial, monetary matrix with the same old box crackerjacks Keynsian or Milt [the tilt,] Friedman, it just might be a sign of death throws. Find a more applicable starting place … Pep Boys /WRONG!

  5. evolutis says:

    Speaking of WRONG! wrong link/sorry … try

  6. JonnyJames says:

    Exactly. The handful of academic economists who did predict the crisis are predicting another one in the near future, and whose analysis reflects reality (external validity) can be conted on one hand. Profs. Hudson, Keen, Dean Baker and Robert Schiller are the only ones I can think of.
    Only meteorologists and economists can be wrong most of the time and still keep their jobs. But to be fair to weather forecasters, most academic economists, pundits and so-called experts have been dead wrong MOST of the time.

  7. JonnyJames says:

    Mainstream academic “theory” is merely self-serving ideology (call it neoclassical or neoliberal or whatever). At this point, this should be glaringly obvious. So-called “Austrian” (American) economics is based on neoclassical ideology with a bit .

    Mainstream economics is Orwellian doublethink on steroids. Just crack open any Econ 101 textbook and look at all the “ceteris paribus” BS and the ridiculous and irrational assumptions one needs to make in order to follow the program. Dress the BS up with some externally invalid fancy maths and pass if off as “scientific”

  8. Alf says:

    George Osborne’s economic human shield the OBR doesn’t inspire any
    confidence either…

  9. Rod says:

    Can’t predict the future ?
    Tell that to Gerald Celente…

    Graph-extrapolating career government twonk economists can’t predict the future, just like weathermen.

  10. evolutis says:

    @Alf … Chote / the highly trained economist …”Every economic forecast turns out to be wrong.” ?? [but u get paid well anyway??] wtf … “but we are doing it in a rigorous manner” … that is “why we can demonstrate with confidence “LOL… please, please, rope me naked, behind a good horse and drag me through a cactus patch!

    If it is not crystal clear to a completely marginalized, Botswana bushman, that we are all completely, partisan, brain dead whacked, then ..wtf? mis -trained in a myth / thanks for that Alf

  11. Bruce says:

    evolutis | January 13, 2013 at 11:21 pm |
    “LOL… please, please, rope me naked, behind a good horse and drag me through a cactus patch!

  12. Citizen says:

    Irwin Schiff (Peter;s father) wrote the book the “Biggest Con” how big government is stealing your money.
    In 1913 the US Congress gave the Banksters the right to rape the American people and they’ve been relentless in their fornications.

    Sadly, 99% of the America people are equally clueless about Rocket Science and Fractional Reserve Fiat Currencies. One is science, the other is simple THEFT.

    The NWO is Hell Bent on sucking out the Life’s Blood of all private wealth not aligned with Central Governments and World Control.