AusFinance

Ahh, my friend, forget ponzi. Explain economics to me.

Not the OP bit I'll take the bait... For as long as humans have existed we have paid others to pretend to know the future, once we used chicken entrails, tea keaves etc now we use economists who pretend they are different to thier predecessors who used tea leaves but they to use tools inappropriate to forecasting,

"The only function of economics is to make astrology look respectable." — Ezra Solomon, professor of finance, Stanford University