THE DWINDLING CONFIDENCE OF ECONOMISTS. I read pretty much everything on economi

THE DWINDLING CONFIDENCE OF ECONOMISTS.

I read pretty much everything on economics every day that has anything to do with political economy. Or conversely I don’t care about banking and finance.

I wish I had the data to support the memory.

But through about 2010 economists were full of confidence and prediction in all manner of things.

But since then the shift has continued away from both speculation and confidence.

Now the next boom will increase demand for their opinions. And economists will return to the monetary equivalent of fantasy football once again. And with the predictability of growth again portray confidence that exacerbates the cycle.

I guess the bright side is that for now they do less damage.