The Limits of Economics

Economics is not magic, it can't create wealth where there is none. John Maynard Keynes himself attempted to grow his fortune by investing based on the predictable ups and downs of the economy over time. Economists are often heralded or shamed for making predictions about the future that turn out to come true or not come true. The world right now is a unique opportunity to learn so that we are better prepared for next time. If I could definitively demonstrate our economies would result in greater levels of prosperity then I'd be collecting your own Nobel Prize!