Tag: problem of face validity
Why So Many COVID Predictions Were Wrong
Updated at 12:13 p.m. ET on April 7, 2022.
As many prominent policy makers reckon uncomfortably with persistent inflation after months of forecasting that the phenomenon would be transitory, I’ve started making a list of other pandemic predictions about the economy that never materialized. There was the eviction tsunami and the “she-cession” and the housing-market crash, and you can’t forget the state- and local-government deficit explosion. In each case, expectations set by economists, policy makers, advocates, and businesses have