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224 sats \ 2 replies \ @Bell_curve 4 Apr \ on: Who's more likely to be wrong about the economy? The people or the data? econ
Data because data can be manipulated
Economists are wrong about many things especially on how people think and feel.
Food prices are high.
Gas prices are high.
Housing is expensive.
Credit card debt is high.
People are tapping their retirement accounts.
The problem with economists is they are white collar professionals who can’t relate with blue collar families