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Astrological Economics in D.C.
Commentary Magazine ^ | May 22nd, 2009 | John Steele Gordon

Posted on 05/22/2009 12:26:04 PM PDT by Jbny

Washington and its press corps love ten-year economic projections. The executive branch is required by law to make them for all manner of things. And news outlets publish them with the same shamelessness that supermarket tabloids publish predictions of Martians landing in Central Park.

(Excerpt) Read more at commentarymagazine.com ...


TOPICS: Business/Economy; Government; Miscellaneous; US: District of Columbia
KEYWORDS: debt; economist; gdp; predictions

1 posted on 05/22/2009 12:26:05 PM PDT by Jbny
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To: Jbny

It’s become clear that economists (especially in DC) can’t do simple math.


2 posted on 05/22/2009 12:32:18 PM PDT by griswold3 (a good story is more compelling than the search for truth)
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