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Graeme B. Littler

The Truth About Economic Forecasting

Mises Daily

Author: Graeme B. Littler

Online Publish Date: May 8, 2013

Category: Subjectivism, Financial Markets

[Excerpted from The Economics of Liberty (1990), edited by Lew Rockwell] Astrologers, palmists, and crystal-ball gazers are scorned while professional economists are heralded for their scientific achievements. Yet the academics are no less mystical in trying to predict the direction of interest rates, economic growth, and the stock market.

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