tag:blogger.com,1999:blog-3758330678390419129.post106767403030326371..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Can Economists Make Forecasts?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3758330678390419129.post-51378801898351015372016-05-12T00:07:40.662-04:002016-05-12T00:07:40.662-04:00Obviously you havent read his book. He predicted i...Obviously you havent read his book. He predicted it. But youre probably too afraid to actually do the research. lol Austro-Punkhttps://www.blogger.com/profile/15170272148725680161noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-46635799028061405422016-05-11T23:32:05.867-04:002016-05-11T23:32:05.867-04:00@Adam Marx, Wenzel hardly predicted anything. (At...@Adam Marx, Wenzel hardly predicted anything. (At most he may be able to predict that the sun sets in the east) Most Austrians think the crash or bust has already started and unwinding, that includes Schiff, Grant and others. It is only RW, who is oddly clutching to the HIS theory that the M2 will tell him that the economy is going will be in the toilet. He is combining his theory and RatFinkhttps://www.blogger.com/profile/05676035670344046939noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-34874797772626830772016-05-11T17:11:52.100-04:002016-05-11T17:11:52.100-04:00Not predictive yet Wenzel, Schiff, Grant, and half...Not predictive yet Wenzel, Schiff, Grant, and half the staff at Mises.org predicted the great recession, as well as Hayek and mises predicted the Great Depression.<br /><br />Lol sit down dude, you've lost.Austro-Punkhttps://www.blogger.com/profile/15170272148725680161noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-90563457393274960032016-05-11T16:23:26.571-04:002016-05-11T16:23:26.571-04:00"My current view is not merely that "the..."My current view is not merely that "the current bubble has a ways to go before it pops." It is that there are no.indciations that money supply growth has slowed to the degree that a major bust is likely in the very near future".<br /><br />Thanks for making your thoughts known with certainty. I appreciate that and although I believe quite the opposite that it's very Guy Noirhttps://www.blogger.com/profile/06114291200200458208noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-20481300609703649842016-05-11T15:47:59.103-04:002016-05-11T15:47:59.103-04:00The issue isn't precision: it's whether we...The issue isn't precision: it's whether we can make any testable predictions, of any sort. In weather forecasting, we make statistical predictions about the chance of rain, which can be tested against the actual rainfall over a period of time. In other sciences, you can make a prediction that is not exact, but falls within a certain range.<br /><br />Can we make similar predictions in Anonymoushttps://www.blogger.com/profile/08340471191018052788noreply@blogger.com