>but the majority of economists make a living on the fact that the market is not efficient.
Actually they make a killing on the fact that their are interests and money to be made based on their BS advice and predictions.
Actually they make a killing on the fact that their are interests and money to be made based on their BS advice and predictions.
I think it was the RBA (or maybe the Australian Treasury) which admitted that their DSGE model was no more accurate than trend modelling in terms of it's predictive power, so they could only use it to give policy advice.
Oh, they do it all the time, to give "policy advice".