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Old 04-10-2009, 02:13 PM
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Default Re: Financial Pneumonia (Mark Thoma & Scott Sumner)

Very informative. To hear two economists express doubts about their ability to predict the future was refreshing. Right now there are too many prophets of doom and too many Dr Panglosses ready to proclaim this the best of all possible worlds.

There is an old Arab saying I recently came across in an article by a British economist that says it all: “All who claim to see the future are lying, even if by chance they are later proved right.”
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