We Don't Know Nothing!

Reading this telling piece about the guessing game that is economics reminds me of something CrChair said once in college. "We have no idea what the economy would do if we actually got rid of the deficit." We couldn't even predict what a world without debt would look like for our national economy. Just think about the burst at the beginning of this new century. The only reason the growth continued throughout the 90's was because we Americans believed that it could. Our faith in the economy actually allowed us to push an economic boom well beyond any reasonable expectation. Of course, eventually reality did catch up with us. But it just serves to show what a guessing game economics is.