Friday, September 07, 2018
Can We Trust Experts?
History is permeated with "flat earth" type predictions gone wrong.
There's no reason to think those days are over...
This author, Walter E. Williams gives more than a few glaring bad predictions in his post at NewsBusters.org:
"Former Treasury Secretary Larry Summers predicted that if Donald Trump were elected, there would be a protracted recession within 18 months. Heeding its experts, a month before the election, The Washington Post ran an editorial with the headline 'A President Trump Could Destroy The World Economy.' Steve Rattner, a Democratic financier and former head of the National Economic Council, warned, 'If the unlikely event happens and Trump wins, you will see a market crash of historic proportions.' When Trump's electoral victory became apparent, Nobel Prize-winning economist and New York Times columnist Paul Krugman warned that the world was 'very probably looking at a global recession, with no end in sight.' "
