U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old Today, 06:24 AM
 
2,485 posts, read 972,180 times
Reputation: 3434

Advertisements

Economics is borderline black magic - it certainly isn't a "science", as claimed by economists. It should be, but it's not there yet. This is why economists are frequently way off base when trying to predict where the economy is headed. Economics is extremely complex and influenced by thousands of factors. Nobody has yet come up with a predictive economic model that is of any real value. Likewise, any attempt to pin credit/blame on a particular politician (or almost any other single factor) is a fool's game. Did Trump change his tune? Yep, because he doesn't know what will or will not impact the economy any better than anyone else.
Reply With Quote Quick reply to this message

 
Old Today, 10:12 PM
 
2,300 posts, read 4,617,118 times
Reputation: 1559
Quote:
Originally Posted by YourWakeUpCall View Post
Economics is borderline black magic - it certainly isn't a "science", as claimed by economists. It should be, but it's not there yet. This is why economists are frequently way off base when trying to predict where the economy is headed. Economics is extremely complex and influenced by thousands of factors. Nobody has yet come up with a predictive economic model that is of any real value. Likewise, any attempt to pin credit/blame on a particular politician (or almost any other single factor) is a fool's game. Did Trump change his tune? Yep, because he doesn't know what will or will not impact the economy any better than anyone else.
I've seen weatherman more accurate than economists. The Federal Reserve for example as never predicted a downturn or recession.
Reply With Quote Quick reply to this message
Reply

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top