Comes Another Soothsayer

March 10th, 2009

In the previous post, I compared economists and soothsayers, opining that there isn’t much difference between the two.  I used Paul Krugman as an example.  He’s firmly (to understate the fact) in the liberal camp.  He thinks that President Obama and Congress aren’t going to spend enough money to resolve the economic crisis. Now comes Kevin Hassett, […]


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Economists and Soothsayers

March 9th, 2009

According to the dictionary, a soothsayer is a person “who claims to be able to foretell events or predict the future.”  Wikipedia defines the word as meaning “a person who…predicts the future based upon personal, political, spiritual, mental or religious beliefs rather than scientific facts.”  So, what’s the difference between an economist and a soothsayer?  […]


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