Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
deisik
on 31/05/2016, 06:05:15 UTC
I totally agree with him that Economics is a social sciences like psychology rather than pure science like math, where experience trumps theories any day.  But there are so many scholars in the domain who advocate Economics as a pure science, who act like charlatans pretending they know how economics work and pretending they know what they are doing but end up screwing up all the time.

The history of LTCM as well as its ultimate and miserable collapse seems to be a sizzling example of this

Profits always trump prophets