See also: future NSA John Bolton.
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Kudlow is a joke
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Almost no one predicted the big recession or the mini slump in 2000. Macro economists are notoriously bad at such endeavors. I was working on a big case in 2000 & could find only 1 academic predicting that one. All the econs were saying the digital econ was recession proof.
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Many applied micro economists look down on macro economists for this very reason. There are too many confounding factors. Same w/Wall Street. The best theory - it's a random walk. And you still can't get agreement among econs on what caused the 29 crash or the Bush debacle.
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You seem so surprised. Which is funny, because you're proof that being flamboyantly, catastrophically wrong about nearly every news story doesn't disqualify you from calling yourself a "journalist".
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ALL mainstream economists got 2007 wrong. Peter Schiff was very lonely in calling the crash, but he was right.
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I'm still eagerly awaiting your defense of Trump on trade ¯\_(ツ)_/¯
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