Yes I wasn’t blaming economists at all, just emphasising a couple of reasons why they got it wrong. I still think its good to build in price drops into a model—when we model we should try and most accurately estimate the situation, not try and fudge it to support our position and second guess the political game.
Great insight Jack!
Yes I wasn’t blaming economists at all, just emphasising a couple of reasons why they got it wrong. I still think its good to build in price drops into a model—when we model we should try and most accurately estimate the situation, not try and fudge it to support our position and second guess the political game.
But perhaps that’s naive ;).