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Does the study of economics have anything to tell us?
People traditionally have said that it is easy to be a weather forecaster, because they do not have to make correct predictions. Weather prediction has gotten rather good lately, getting things right up to a week in advance. Not so for economists. How can the majority have missed the housing bubble that led to the current recession?
Here is a thought provoking Salon article on economics. What are your thoughts? It seems to me that economics is much more art than science.
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