Tuesday, May 10, 2011

Forecasters are Usually Wrong

Surveys show that forecasts of the future economy made about 25 years ago were usually proven wrong almost without exception. So why do we accept opinions of all the purveyors of future prognostication? Good point.

One prediction ought to be a sure thing for the future of America. Inflation, brought on by unprecedented budget deficits. Deficits that csnnot produce a viable economy, especially if politicians look to taxation as a means of reducing them.

Deficits have never been reduced by taxation before.

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