Gwen Snyder is uncivilJul 12, 2023

Can we please, for the love of God, finally admit that mainstream economists are just astrologists for Wall Street bros

https://www.nytimes.com/2023/07/11/opinion/us-recession-yield-curve.html

Opinion | The U.S. Economy Looked Like it Was in for a Recession. It Wasn’t.

A tale of a disaster wrongly foretold.

The New York Times
Show threadÓscar Morales Vivó
@gwensnyder I’m sure there’s hard headed folks trying to study economics as they exist in reality, but there’s a lot more money, tenured positions and cameras pointing to whoever tells extremely rich people what they want to hear.
Jul 12, 2023 at 3:06pmWeb
Show threadSaftyKumaJul 13, 2023

@MyLittleMetroid @gwensnyder

Of course. But they largely don't have a seat at the table anymore. Instead we have Chicago school wonks.