Like Paul Ehrlich, But For Money
By Mitch Berg
Quando quotes Megan McArdle on yet another Paul Krugman recession prediction:
Megan McArdle:
Paul Krugman is voting for doom. It’s worth keeping in mind, however, that Paul Krugman has predicted eight of the last none recessions under the Bush administration.
Like Megan, I think “a recession seems likely-ish”, but “Krugman predicts” is generally a good sign to bet the other way.
Followed by a run-down of Paul Krugman’s last eight recession predictions.
January 14th, 2008 at 4:52 am
I’m no good at economic predictions. I don’t make them
Krugman is no good at economic predictions. He makes them anyway.
Whose smarter?
January 14th, 2008 at 7:26 am
Well he’s got to be reight eventually.
January 14th, 2008 at 9:46 am
Mitch, the old joke goes “economists have predicted 7 or the last 3 recessions”.
January 14th, 2008 at 10:31 am
“Ask five economists and you’ll get five different answers (six if one went to Harvard).” – Edgar R. Fiedler
“Economists were created to make weather forecasters look good.” – David Jones, chief economist at Aubrey G. Lanston (investment company)
“In economics, the majority is always wrong.” – John Kenneth Galbraith