Economists to Miss the Next Financial Crisis

Something else is going to happen. What? Hard to say. Some combination of default and inflation, most likely…


Of course, this doesn’t bother the feds. That story is still beneath the surface… It’s a crisis that hasn’t happened yet. They couldn’t see the crisis in the public sector coming in ’07. They can’t see the next one coming either.


Economists can’t tell a government job from a private sector job…and can’t tell $1 of government spending from a dollar spent by the private sector…and can’t tell a dollar’s worth of GDP from a dollar’s worth of real prosperity…


…which means, they can’t tell the difference between what’s happening on the surface to what’s happening underneath.

The same people who didn't see the depression recession coming are missing the next crisis as well.