Economists Really Are A Waste Of Time - 06/21/13

The Wake Up Call show

Summary: Following Bernanke’s press conference two days ago, we take an in-depth look at the work and success rate of economists and their ‘predictions’. It is a sad and pathetic story. They are worse than useless because if they were just useless, people wouldn’t take any notice. But they are so convinced of their prognoses and solutions that they sucker people into making unwise decisions… and all this despite the ready evidence (which is spelled out here in detail). The problem right now is that Bernanke’s policies are taking the country down the road to ruin – and there’s no longer any turning back. The Fed admits trying to prop up the stock market. But job creation has been non-existent since 2008. The scandal of secrecy behind the Trans Pacific Partnership, a bill designed to blindside Congress at the last moment