Wednesday, August 1, 2012

Common-sense economics

The economists that write books or columns, teach at universities, come on TV or give speeches, strike me as being only scholars and intellectuals.

What they all seem to lack however, is good, common-sense. It's as if they had been insulated from the bites of real-life and had just experienced a cocooned existence where everything can be precisely measured, comes out of theory and repeats itself always predictably.

They complicate things that don't need to for no good reasons, chase the big trends but seem to ignore the important little details that are too down to earth for them. They're disconnected from real life and reality.

That's why I don't trust them and why they're predictions almost come always wrong.

No comments: