Why Economists Can’t Get It Right

From wrong forecasts by the International Monetary Fund (IMF) and Wall Street, to wrong policies by the Federal Reserve and the Federal Government, wrong economic theory impacts everyone. Last year was a particularly bad one for the profession, as none of the mainstream forecasts on major events, from Brexit to Donald Trump’s election, and the effects of those events on markets and the economy, were correct. In fact, mainstream economics has been consistently getting it wrong since the Great Financial Crisis of 2008.

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Posted in James Rickards Press.