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LostInParadise's avatar

Do economists ever get it right?

Asked by LostInParadise (31921points) December 21st, 2017

People used to joke about what a cushy job weathermen have because they never have to guess right.

Weather prediction has gotten a whole lot better, but I wonder about economics. Hardly anyone predicted the last recession. The stock market is again ballooning and nobody sees any problems. Congress just passed a tax bill premised on supply side economics, and apparently the economists see smooth sailing.

On the other hand, economists seem to be in agreement that Bitcoin is headed for a fall.

Just for the heck of it, I am going to make contrarian predictions. I say that within the next two years the U.S. economy is going to stall and Bitcoin will still be going strong. I am not so foolish as to put any money behind these statements, just making a prediction.

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