Cold Fusion Guy links a list of articles detailing predictions about how bad the recession is supposed to get, when it was supposed to ease, and one thing comes across very clearly; the econometrics gurus aren't doing so hot lately. So if you're thinking of taking their advise when starting a business, or especially when going into debt, a word to the wise; don't. Given that "man acts," as von Mises noted, prediction of the economy (especially by Keynesians) tends to be a fool's errand.
Especially since it's not just man who acts, but also God. I do not claim the gift of prophecy, but I have to wonder if a lot of this is His way of getting our attention.
Sunday Firesides: You Don’t Have the Time, Not to Take the Time
-
We often talk about time in economic terms. We speak about what we choose
to pay attention to and how we spend our time. When we look at our budget
of ti...
17 hours ago
1 comment:
Good advice!
Post a Comment