If the "experts" were assessed on results, they'd all be fired.
The mainstream media continually hypes the authority of "experts," i.e. people with a stack of credentials from top institutions.
But does the mainstream media ever check on whether the "experts" got anything right? Let's compare the "experts" (conventional PhD economists) diagnoses and fixes with the results of their policies.
Let's stick to the big issues: inflation, productivity, near-zero interest rate policy (ZIRP), employment and "growth". If you get these wrong, you get the entire economy wrong.
If you can't get the big issues right, your "expertise" has failed: your "expertise" is not just worthless, it's counter-productive, because if common-sense policies had been put in place instead of the "experts'" fixes, we'd have made progress rather than digging a deeper hole.
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