Monday, April 12, 2010

The Age of the Rockstar Economist is Over

The Age of the Rockstar Economist is (mercifully) Ending

It was good to be an economist - some would even say it was sexy.

But no more.

We've lost interest in the diviners of our economic destiny.

Because not only did most economists miss the crisis, they committed the even more pernicious sin of missing the recovery, essentially taking the Dismal Science to quadriplegic status from its prior condition of being merely hobbled.

Whether the future holds a double dip or an expansion, we've learned that economists' tools and methods will hardly show us the path, let alone provide us with a coherent navigation.

Like Craig Newark, I too missed the memo announcing that this had even begun.

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