Every time you hear an economist utter yet another wrong or contradictory prediction, you can instantly feel better using this expletive. “If all economists were laid end to end, they would not reach a conclusion,” George Bernard Shaw.
“Economists have accurately predicted nine out of the past five recessions,” paraphrasing a supposed quip by Nobel economist Paul Samuelson about the stock market. If you are feeling frustrated by a lack of precision from economists, you can curse the profession by exclaiming: ‘Frigonomics’.
by Prof Bruce July 13, 2010
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