Mises Wire
Author:
Jeff Deist
Online Publish Date:
organized around politics and the state, is at the heart of the Mises Institute’s mission. We have never been afraid to make it. Call it Mises’s view of forecasting and mathematical modeling — is shot. Its reputation is in tatters. It fails to inspire young scholars, while the PhD factories produce data historians who don’t really understand economics at all. Consider that mainstream economists: failed utterly to predict — or understand — the Crash of ’ 08; failed utterly to