Bernard Bernanke on the thankless task of economic forecasting:
“When I was a boy in South Carolina, my parents always advised me never to discuss religion or politics in public, those being subjects on which everyone has a strong opinion but on which no one can ever be proved wrong.
Everyone has strong views on where the economy is heading, but when the time finally comes to compare your forecast with the data, the world has changed in eleven unpredictable ways that no one can blame you for failing to foresee – that is, if they remember what you forecast in the first place.”
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.