Why Are Economists’ Predictions So Damn Awful?
View article: Why Are Economists’ Predictions So Damn Awful?
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View article: Why Are Economists’ Predictions So Damn Awful?
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The Financial Times discusses the situation in Tsipras Letter Reveals Precariousness of Greece’s Finances . Greece came so close to defaulting on last week’s €750m International Monetary Fund repayment that the prime minister warned IMF chief Christine Lagarde he could not pay it without EU aid
Visit site: Heartland Institute – Convenient Cognitive Dissonance
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Here’s the exchange in Danish newspapers (emphasis added, some typos corrected): Kare Fog, a critic of Lomborg: …. Lomborg will presumably refer to his Copenhagen Consensus conference, where it is shown with – seemingly – matter-of-fact cost/benefit calculations that it pays better to solve other problems than global warming ….. [The audience members] do not know that t he figures have arisen by discounting calculations and that Lomborg has cheated in these calculations. He has used one discount rate for climate projects, and another discount rate for the remaining projects
Continue reading here: Consumer Confidence Plunges Below Any Economist’s Estimate; Consumers Shock Economists
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