Hilarious video….Peter Schiff cleans Art Laffer’s clock….

[XBoxBoy]

[quote=carlsbadworker][quote=XBoxBoy]Ummmm…. wait a minute… are you basically relying on an expert to justify a particular view[/quote]

The key difference is I’m relying on expert’s research which contains facts and experiments. But I am not relying on expert’s opinion.
I trust scientific evidence from experts but I don’t trust their judgments.
[/quote]

Sorry Carlsbad, you’re only kidding yourself here. Let’s go back and see what you wrote originally

[quote=carlsbadworker]The result is that experts are normally even not as good as non-experts. That’s because they don’t modify their forecasts in the light of new information, as they felt that they knew all the relevant facts. Such kind of over-confidence will blind them from making accurate prediction about the future.[/quote]

The above snippet is clearly a representation of the expert’s opinions. There is no way to prove that the failure to adjust to new information or that over-confidence are the causes of the experts being wrong. The snippet is the expert’s opinion, not scientific evidence or fact.

But hey, don’t take it so personally, I’m just pointing out the irony of what you did. Basically you want to convince people that experts are often wrong. Fine, I couldn’t agree more. But you did so by using an expert’s opinion to legitimize your argument. It’s actually pretty funny if you ask me, and I personally love making these kinds of arguments just to see if I can slide it past the person I’m arguing with. Course, that’s just my warped sense of humor. My only real suggestion is when you get caught with your hand in the cookie jar, don’t try to deny it, just grin and offer the person who’s caught you 50% of the cookies. (Okay, I’ll settle for a 40/60 split…)

XBoxBoy

[peterb]

Schiff’s had some very bad calls over the last couple of years. Decoupling is one huge one that comes to mind right away.
MSM likes him because he’s somewhat contrarian and a little famous. So they’d bring him on to laugh at.
But if you closely analyze his work, it’s superficial in many ways. Very little depth, historical comparisions or mathmatical analysis and reference to global markets and consumption/production depth.
He’s mostly a mouth-piece.
He did come out early on MSM with housing and economic peril in the US. But MSM has been a joke for many years now. The blogospere was making far deeper analysis at this time when Shciff was on MSM warning the general public.

[peterb]

Schiff’s had some very bad calls over the last couple of years. Decoupling is one huge one that comes to mind right away.
MSM likes him because he’s somewhat contrarian and a little famous. So they’d bring him on to laugh at.
But if you closely analyze his work, it’s superficial in many ways. Very little depth, historical comparisions or mathmatical analysis and reference to global markets and consumption/production depth.
He’s mostly a mouth-piece.
He did come out early on MSM with housing and economic peril in the US. But MSM has been a joke for many years now. The blogospere was making far deeper analysis at this time when Shciff was on MSM warning the general public.

[peterb]

Schiff’s had some very bad calls over the last couple of years. Decoupling is one huge one that comes to mind right away.
MSM likes him because he’s somewhat contrarian and a little famous. So they’d bring him on to laugh at.
But if you closely analyze his work, it’s superficial in many ways. Very little depth, historical comparisions or mathmatical analysis and reference to global markets and consumption/production depth.
He’s mostly a mouth-piece.
He did come out early on MSM with housing and economic peril in the US. But MSM has been a joke for many years now. The blogospere was making far deeper analysis at this time when Shciff was on MSM warning the general public.

[peterb]

Schiff’s had some very bad calls over the last couple of years. Decoupling is one huge one that comes to mind right away.
MSM likes him because he’s somewhat contrarian and a little famous. So they’d bring him on to laugh at.
But if you closely analyze his work, it’s superficial in many ways. Very little depth, historical comparisions or mathmatical analysis and reference to global markets and consumption/production depth.
He’s mostly a mouth-piece.
He did come out early on MSM with housing and economic peril in the US. But MSM has been a joke for many years now. The blogospere was making far deeper analysis at this time when Shciff was on MSM warning the general public.

[peterb]

Schiff’s had some very bad calls over the last couple of years. Decoupling is one huge one that comes to mind right away.
MSM likes him because he’s somewhat contrarian and a little famous. So they’d bring him on to laugh at.
But if you closely analyze his work, it’s superficial in many ways. Very little depth, historical comparisions or mathmatical analysis and reference to global markets and consumption/production depth.
He’s mostly a mouth-piece.
He did come out early on MSM with housing and economic peril in the US. But MSM has been a joke for many years now. The blogospere was making far deeper analysis at this time when Shciff was on MSM warning the general public.

[Author]

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