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News Link • Economy - Economics USA

Economy: Our next stop, the twilight zone

• The PPJ Gazette
Economists and entrepreneurs deal with reality—and from what I’ve been reading lately, quite different realities. I’m too simple to grasp parallel universes, so I’ve got to pick one to believe. Do I trust an economist that has studied job creation, or the entrepreneur that has met a payroll? I should tell you, I’m prejudiced. I was trained in economics, but I made a living as an entrepreneur and by advising entrepreneurs. I have to go with the entrepreneurs. When economists are wrong, they do the two-step and muddle up their previous pronouncements. When entrepreneurs are wrong, they hire bankruptcy attorneys.

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