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Old 10-02-2009, 07:43 AM   #10 (permalink)
filtherton
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Quote:
Originally Posted by Baraka_Guru View Post
Speaking of economics as a science, you have to remember it's a social science, not a hard science. The thing with predicting economic trends is that there are so many variables, and they're either impossible to control or difficult to extrapolate, or both. It's not like you can have a scientific experiment in economics in a controlled environment to learn things. You're always learning things in the field. That's why it's part science and part art.
Don't tell the pundits. They know exactly what will happen in the future, because they have a firm grasp of "basic economic theory."
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