Thread: Brexit (Old)
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Old 13-10-2018, 17:22   #1822
OLD BOY
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Re: Brexit
Quote:
Originally Posted by pip08456 View Post
And that is the problem with economists, they can only go with the model they have.
Yes, that's right. If they put rubbish in, they will get rubbish out. And yet some are quite happy to base their decisions on the dodgy conclusions they come up with.

Economic assessments should certainly be considered when taking decisions, but only as an assessment of possible risk. This ensures that you have some contingencies to mitigate against those risks.

However, take the conclusions as gospel and 90% of the time you'd be screwed.
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