In other words, we're flying blind and don't have a clue as to either the short or long-term consequences of present economic policies. Yet such is the impenetrable arrogance of the current administration that they are willing to make wild gambles with our nation's future based upon admittedly inadequate predictive models.
Of course, forecasts based on a theory of mind are subject to egregious error. They cannot accurately predict the future. But the uncomfortable truth has to be that such forecasts need to be respected alongside econometric forecasts, which cannot reliably predict the future, either.
Read the article here.
Be afraid..., be very afraid!