Regarding Economists

In these turbulent times economists have risen closer to the forefront of many people’s thoughts. With the economies of the Civilized World in a level of disarray more common among the failed states of the Third World the words and opinions of economists are listened to and called wisdom.

If people are going to grant weight to these pundits’ often conflicting theories, however, it behooves people to remember one simple fact:

In all recorded history there has not been one economist who has had to worry about where the next meal would come from.

Peter Drucker

It would be utterly foolish to blithely discount the economists’ hypotheses and theories; they have, after all, studied the art form – it’s not a science at macroeconomic levels – of economics. Yet people should remember that these economists are safe and to a large extent protected from the results of their experiments.

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