Morneau and Trudeau

National Post March 20, 2019

The business section of a well-known Canadian newspaper warned the other day that any forecasts contained in the federal budget should be treated with extreme caution, given the fact economists have a lengthy record of getting their predictions seriously wrong.

Most economists have no more clue what’s going to happen down the road than you or I, because they have no way of telling which of the 7 gazillion influences they’re aware of may come into play, not to mention any unknown factors, which are hard to identify, because they’re unknown.

Read the full article here…