America’s economists are the modern day preachers of conspicuous optimism or doom. It’s very clear who they work for: that small intersection in America we call Wall street, the place where opulence blooms.
Economists played a major role in the economic collapse. Economists make predictions which impact the decisions of bankers and lawmakers. If they make bad predictions, which they did and are still doing today, then people suffer, and suffer severely. “Economists” get paid to say whatever the person paying them wants them to say. This is well and good for think tanks like the Heritage Foundation or the American Enterprise Institute where everyone knows their agenda, but it is not acceptable for lawmakers or other institutions like lawmakers where their decisions impact all of us.