May 9, 2011

Yaron Brook on the forecasting abilities of most economists

Most economists didn't see this recession coming. Most economists thought that housing prices were going to continue to go up. Most economists are wrong most of the time. That's why, after all, we call it the dismal profession.

~Yaron Brook, president, Ayn Rand Institute, Yahoo! Finance's Daily Ticker, May 9, 2011

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