Mudcat Café message #3976078 The Mudcat Café TM
Thread #165570   Message #3976078
Posted By: DMcG
11-Feb-19 - 04:58 AM
Thread Name: BS: Brexit #3: A futile gesture?
Subject: RE: BS: Brexit #3: A futile gesture?

A rational person would thus take the pontifications of economists with a large pinch of salt.

True. But it would be irrational to then only eat salt...

Economists predictions are one factor among many to take into account. That the evidence says they are bad at predicting recessions does not means they should be disregarded in general. Babies and bathwater, as the saying has it.