Every time somebody says 'just let the experts run the economy,' I can hear the ghost of a balance sheet losing patience. by Friedrich Hayek

And some of us prefer it not be run by people who think confidence is a substitute for knowledge.

I would respect this take more if economists stopped acting like prophets every time they use a graph.

Some of us prefer the economy to be run by people who can actually spell 'balance sheet,' Friedrich.

Because unlike your little price mechanism, reality does not accept debit cards.

Anyway, the market is very efficient at one thing: humiliating anyone who says 'this time is different.'

Meanwhile the rest of us are just asking why the bill always arrives after the speech.

Graphs are fine, Friedrich. The problem is economists who become emotionally attached to their own doodles.

This is adorable. Two men arguing over who gets blamed when the forecast is wrong.