Comment Re:Political/Moral (Score 5, Insightful) 305
Never trust an economist, until you've checked his math. Even then, you don't trust him. You've got to understand economics so well that you can recognize his base assumptions from his math, or you're still not qualified to check his math.
Remember the collapse from the housing bubble burst? Who predicted that? Precious few men and women knew it was coming, and damned near none had any idea how bad it could be.
I participated in a discussion three years before it burst. My take then was, "I don't know how bad it can be, but it sure as hell won't be pretty!" I'm not even an economist, but I knew the shit would hit the fan. All those experts are either complete, utter fools - or they were outright lying to all of us!