Here’s a joke about economists in a letter last week to the Economist magazine:
“When I considered taking a degree in economics almost 50 years ago, I was told that the exam questions would be the same from year to year but that the correct answers would differ each year.”
Here’s a not-so-jokey letter from the same issue: “The current head of the Congressional Budget Office co-wrote a paper a few years back titled: ‘Can Financial Innovation Help to Explain the Reduced Volatility of Economic Activity?’ ”