So why does this mistaken forecasting happen?
One reason is the lack of experience of the real world in places like the BoE.
So why does this mistaken forecasting happen?
One reason is the lack of experience of the real world in places like the BoE.
Spud’s being unusually honest today:
“I am not talking that much about economics theory, which few have ever comprehended”
“deaths of more than 10,000 a day are likely in little more than a week”
https://www.t*xresearch.org.uk/Blog/2020/04/02/the-uks-suffering-from-coronavirus-will-have-been-exacerbated-by-choice-and-our-government-will-be-to-blame-for-that/
He really does need to fess up to his own inability to predict… anything.
“the real world” is just a model, and a tediously silly one at that.
@dearieme
+1 Prof Ferguson, SAGE, Greens, MET Office agree, thus they ignore it