{"id":2073,"date":"2011-08-04T10:07:48","date_gmt":"2011-08-04T15:07:48","guid":{"rendered":"http:\/\/www.davidmcelroy.org\/?p=2073"},"modified":"2011-08-04T10:07:48","modified_gmt":"2011-08-04T15:07:48","slug":"why-does-the-mainstream-ignore-those-whose-predictions-were-right","status":"publish","type":"post","link":"https:\/\/davidmcelroy.org\/?p=2073","title":{"rendered":"Why does the mainstream ignore those whose predictions were right?"},"content":{"rendered":"<p><a href=\"http:\/\/www.davidmcelroy.org\/wp-content\/uploads\/2011\/08\/HomeUnderWater.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-2074\" title=\"HomeUnderWater\" src=\"http:\/\/www.davidmcelroy.org\/wp-content\/uploads\/2011\/08\/HomeUnderWater.jpg\" alt=\"\" width=\"250\" height=\"323\" srcset=\"https:\/\/davidmcelroy.org\/wp-content\/uploads\/2011\/08\/HomeUnderWater.jpg 250w, https:\/\/davidmcelroy.org\/wp-content\/uploads\/2011\/08\/HomeUnderWater-232x300.jpg 232w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a>We hear it all the time now from mainstream economists. No one could have predicted the economic crisis. No one could have predicted that the various &#8220;stimulus&#8221; programs would fail. And no one could have predicted that all the fake money the Fed has pumped out wouldn&#8217;t jump-start the economy.<\/p>\n<p>There&#8217;s only one problem with that. Economists of the Austrian school predicted all of the things that the neo-Keynesians now say weren&#8217;t predictable. So why is it we aren&#8217;t turning to the Austrians for guidance about how to get out of the mess the Keynesians have created?<\/p>\n<p><a href=\"http:\/\/mises.org\/daily\/5512\/The-Austrians-Were-Right-Yet-Again\" target=\"_blank\">Jeffery Tucker has a fantastic article today giving specific examples of things that Austrian economists have said in the past few years<\/a>. I highly recommend you read it and then think about why politicians and bureaucrats keep following the idiots who have been wrong over and over so far.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We hear it all the time now from mainstream economists. No one could have predicted the economic crisis. No one could have predicted that the various &#8220;stimulus&#8221; programs would fail. And no one could have predicted that all the fake money the Fed has pumped out wouldn&#8217;t jump-start the economy. There&#8217;s only one problem with <a href=\"https:\/\/davidmcelroy.org\/?p=2073\" class=\"more-link\">Keep Reading<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":{"0":"post-2073","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uncategorized","7":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p1x9iR-xr","_links":{"self":[{"href":"https:\/\/davidmcelroy.org\/index.php?rest_route=\/wp\/v2\/posts\/2073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidmcelroy.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidmcelroy.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidmcelroy.org\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/davidmcelroy.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2073"}],"version-history":[{"count":4,"href":"https:\/\/davidmcelroy.org\/index.php?rest_route=\/wp\/v2\/posts\/2073\/revisions"}],"predecessor-version":[{"id":2078,"href":"https:\/\/davidmcelroy.org\/index.php?rest_route=\/wp\/v2\/posts\/2073\/revisions\/2078"}],"wp:attachment":[{"href":"https:\/\/davidmcelroy.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidmcelroy.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidmcelroy.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}