In 1979, economists chorus ruled that the inflation rate will remain above 10% in the decade of the eighties. They made another mistake. The inflation rate fell to 5% in 1982.
Why we listen to economists, if their knowledge in this case does not exceed ours? We are curious and would like to gain knowledge about the future. If we could read today’s tables of stocks or bonds in tomorrow’s newspaper, soon we would be millionaires...