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Of the many definitions of “economist”, the best of them claims that an economist is someone who will tell you tomorrow why what they predicted yesterday didn’t come true today.
This reality of economists constantly getting it wrong with their forecasts, but refusing to admit they were wrong, is seen pretty much every day in Australia.
By Terry Ryder & Tim GrahamOf the many definitions of “economist”, the best of them claims that an economist is someone who will tell you tomorrow why what they predicted yesterday didn’t come true today.
This reality of economists constantly getting it wrong with their forecasts, but refusing to admit they were wrong, is seen pretty much every day in Australia.

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