Scary Precedent for Economics

According to a brief note in the New York Times, the Romanian Parliament is considering legislation to fine or punish witches whose prophecies turn out to be incorrect.  Imagine that economists faced comparable sanctions?

“Romania: False-Prophecy Penalty”

3 comments so far

  1. political economist on


  2. […] This post was mentioned on Twitter by MAL, Samuel J. Scott and Jeff, Lily Ma. Lily Ma said: Scary Precedent for Economics « unsettling economics: Filed under: economics |. According to a brief note in the… […]

  3. grimwig on

    That day has come, as the Us Justice Department is now bringing suit against Standard & Poors parent company for S&P’s prophecy that many Mortgage Backed Securities were of low risk. With perfect hindsight, the Justice Department has now determined that those securities were indeed risky.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: