Reply
Senior Contributor
Posts: 5,745
Registered: ‎05-10-2010
0

Comment on successful economists

Radio program this aft had discussion on Greece and how it came to be in the situation it is in.

 

One persons mention of "successful economists" in relation to advice Greece was given in the past was something along this line, not word for word quote.........

 

'A successful economist is like a successful religion or oracle.

When their advice or prediction turns out wrong the successsful ones are the ones that are able to explain why it was wrong and give you more new advice that you still accept as correct.'

 

Thought that was a lot like some market analysts.

Senior Contributor
Posts: 777
Registered: ‎06-04-2010
0

Re: Comment on successful economists

Amen to that

Senior Advisor
Posts: 2,569
Registered: ‎05-13-2010
0

Re: Comment on successful economists

Also, the true financial dealings of Greece were carefully hidden. From the EU and the citizens. If I remember correctly Goldman-Sachs was instrumental in pulling off that hat trick.