20 Aug
2001
20 Aug
'01
10:59 p.m.
On Mon, 20 Aug 2001, Bill Pechter wrote:
It is said that the economists have predicted 15 of the last four
recessions that we have had. No wonder they call it the `dismal
science'!
- don
On Mon, 20 Aug
2001, R.D.Davis wrote:
it's psychological factors that truly account for changes in the
economy. Disclaimer: I took Econ. I and II in college, and learned
one thing: much of it is a lot of make believe foolishness so that
economists, etc. can earn an income.
Boy, my sentiments exactly. I think Political Science (my second major
--History was first-- and a questionable "science") is more science than
economics -- since two economists can look at the exact same info and
come up with opposite remedies based on their own preconceived sociopolitical
ideology. Much of the macroeconomics stuff I see has to do with
the mob psychology
and the herd mentality of wall street investors...
Bill
--
Bill Gates is a Persian cat and a monocle away from being a
villain in a James Bond movie -- Dennis Miller
bpechter@shell.monmouth.com|pechter@pechter.dyndns.org