How To Fix The Economy

[Presley Cannady]

The expectation that economists have to explain "EVERYTHING" to be relevant towards "ANYTHING" is pretty defatigable.

Oh, my bar is set far lower than that. I'm asking for economists to explain--or more accurately, correctly predict--ANYTHING about SOMETHING.

Regardless of the witchcraft that economists might use. The enlightened scientific philosopher will understand that empiricism and epistemology exist as holistic set of principles with the swinging tides of rational thought pulling upon each thread. The scientific method is many tools not just one.

No argument here. A number of veterans here eat modelers and number crunchers for breakfast, yet clearly we've confidence in their authority on what works and what doesn't. That said, an economist isn't a seasoned fighter dropping his experience on what and what doesn't work. Instead, he puts forward the pretense of theory, issuing lengthy "explanations" yet predicting nothing.