|“I see soft third quarter earnings . . .|
for you, and for your little dog too!”
Legislation being debated in Romania would require witches to get a permit and make it possible to fine or even imprison one whose prediction turns out to be false.Imagine if this were the case with economists. Imagine if every time, say, Jan Hatzius predicted an unemployment number that turned out wrong, or Jim Cramer pitched some stock or other that then immediately tanked, they not only got fined—they even ran the risk of going to jail.
Would we all be happier?
Um . . . yeah.