Source: Future of Freedom Foundation
by Angelo Monaco
“I recently submitted an article to The Future of Freedom Foundation that predicted a recession at the end of 2026. It was rejected because FFF’s editor, Jacob Hornberger, said ‘One of my beefs with economists is that they love making predictions but most often the predictions don’t pan out.’ I should have been incensed with the fact that after my decades of education and training as an economist and careful research and review of historical and present-day data, my forecast could be so easily dismissed. However, I remained basically un-phased. I suppose the reason I did not get angry is because I knew that he was right. Economists’ predictions are often wrong and any of their predictions that involve a glimpse too far into the future are statistically very close to being always wrong.” (06/29/26)
https://www.fff.org/explore-freedom/article/the-fallacy-of-economic-predicting/