What really bothers me about the talking head experts employed by every news channel - they are never held accountable for their predictions, just as politicians are never held accountable for their broken promises.
In an ideal world, people would be held accountable for their track record. But that is not the world we live in. Now we live in a world where people are only held accountable to say what we want to hear.
Ron Paul was considered a quack for his predictions about where this country, his party, and our policies were headed. He has had an almost 100% accuracy in these. And the result, now that his predictions are coming true?
He's considered a quack.
Another example of this is Peter Schiff. A very smart man and economist, he was considered a quack for his pessimistic views given on any channel that would talk to him. Now that he has been proven right, and the other "experts" were completely wrong? They are still called in regularly to give their "expert opinions", and Peter is still considered a quack.
Open Brainstorm with Steve Keen
6 hours ago