EYE ON THE PIE: Who needs economists, anyway?

Economists are not stupid people. They are timid and tend to hide their timidity behind a wall of overbearing self-confidence. But they are not stupid. In fact, often they are too smart to talk about what they do and do not know. As they wiggle over the rocks of uncertainty, they appear to others as either sneaky or formless. Let's take interest rates as an example. Economists like to talk about how, if the Fed raises interest rates, home mortgage...

 

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