Friday, February 1, 2008

Self-Fullfilling Prophecy

Oh no! A Recession is coming! You'd better get out of the stock market and start saving money!

But won't that contribute to a recession? In fact, if enough people do it, won't that cause one whether it was going to happen or not?

Umm... no, no, economic theories are far too complicated for simple people like you to understand.

Is that why economists can't agree on them either?

Nonsense! Economosts all agree that we're about to have a recession.

And would they have agreed on that a year ago? For that matter, do they agree on how long it will last, how bad it will be, or how much of the world it will effect?

(Sound of crickets chirping in the background.)

Seriously, every time I think that weathermen and climatologists were put on this earth to make astrologers look good, I wind up remembering that the astrologers, in turn, were put here to make economists look good.

I'm also reminded of the story of the French union leader, who sees a bunch of people run past him. He thinks, "Aha! I must find out where they are running to so I can lead them there!"

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