Best Three Sentences I Read Today
| Peter Klein |
Chris Dillow, wondering why doctors have such a good reputation, and economists such a poor one:
A man who’s been cured by a doctor lives to tell everyone. A man who’s been killed by one stays quiet. Economists’ “victims” — those stupid enough to believe forecasts — don’t keep schtum.
The rest of his reasons are interesting too. I think he focuses too much on economic forecasting, which is not in my view the same as economic analysis. The economy is not, after all, a “patient” to be taken care of and ”cured” by the economist.