April 6, 2011
Economists with Foresight Versus Economists with HindsightPosted in Irish Economy · 69 comments ·
There has been a lot of silly chatter this week about “celebrity” economists. This term is meant to be demeaning. But everyone knows – post crash – that the main distinction between economists in Ireland is not the “serious versus the celebrity” but it is between those economists with “foresight” and those with “hindsight”. If having foresight means that I am a celebrity – well, I am all for celebrity.
Here is a 2003 Prime Time clip taken from last night’s Freefall programme.
Can I humbly ask, where were Ireland’s so-called “serious” economists back then – the ones who are so vocal now armed with the worthless artillery of hindsight?