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Thanks to politics, confirmation bias, and bad monetary economics, central banks have a lousy record when it comes to economic forecasts.
Original Article: "Why Mainstream Economic Forecasts Are So Often Wrong"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap (2017), The Energy World Is Flat (2015), and Life in the Financial Markets (2014).
He is a professor of global economy at IE Business School in Madrid.