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[–] Thisismyvoatusername ago 

I think this piece overstates its points because the hyperbole doesn't really match reality. Economists know plenty, but it is a liberal art. The mistake is in believing because it uses mathematics that it therefore is a math. Of course economists cannot predict the future. No one can regardless of the area of specialization. Policy should never be turned over to experts of any type. And many economists are completely full of shit.

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[–] Thalean [S] ago 

If they knew anything of value then they're all be millionaires. In actual fact, economists are never rich. Clearly their "knowledge" doesn't translate into practice. Of course, there are some economists who know what they're talking about, I'm just talking about the Austrian School or Chicago School brand (liberals & libertarians).