Experts Put the Con in E-con-omics

Downturn? Upturn? Journalists, politicians and economists are predictably wrong.

By Dan Gainor
The Boone Pickens Free Market Fellow
Business & Media Institute

What goes up must come down. Unless it goes down further, sideways or moves some other way that no one really predicted.

That’s the way economics really works and no matter how many talking heads – right, left and center – tell you otherwise, most don’t have a clue what direction things are headed. From gas prices to the stock market to jobs, the people who act like they know everything often know nothing. Continue reading.