Great line from Dylan, inspired a whole "terrorist" movement .....
In Brexit World we don't know what wind is, whether it even exists, and if it does we seem to be having arguments over suck and blow.
If we say that is a stone, we have standards by which we can agree if it is indeed a stone. If we say that is a lizard, a whole taxonomy is brought into play that will allow us to classify it as a lizard.
If we say this is a recession, all the standards and data by which we assess it are contentious. All of it is debatable. And even when we say yes it does fulfill the criteria of a recession, we still argue over what that means.
Knowing which way the wind was blowing didn't help any (except perhaps 2) economists to predict or even recognise the onset of a worldwide recession.
In Brexit World we don't know what wind is, whether it even exists, and if it does we seem to be having arguments over suck and blow.
If we say that is a stone, we have standards by which we can agree if it is indeed a stone. If we say that is a lizard, a whole taxonomy is brought into play that will allow us to classify it as a lizard.
If we say this is a recession, all the standards and data by which we assess it are contentious. All of it is debatable. And even when we say yes it does fulfill the criteria of a recession, we still argue over what that means.
Knowing which way the wind was blowing didn't help any (except perhaps 2) economists to predict or even recognise the onset of a worldwide recession.