Have you ever actually listened to an economist on the news? They might be the single most depressing group of people on earth. I’ve never heard one actually say anything optimistic.
Here’s what a typical interview sounds like:
News reporter: Good news! The economy added 200,000 new jobs last month.
Economist: Yes, but…doom and gloom, obscure economic principle, the end of the world is near, etc. etc.
200,000 people who last month didn’t have jobs now have jobs and somehow Mr. Economist manages to find the negative.
Listen to this post
News report: The economy only added 160,000 jobs last month.
Economist: Blah, blah. Doom and gloom. Blah, blah. End of the world. Obscure economic term, blah, blah. Blame someone, blah, blah.
That is pretty much how a recent segment went on the radio.
The “economy” added 160,000 jobs?
No it didn’t. People did. People who run small businesses. People who run “evil” corporations. People who are employing others, driving the economy, and…changing the world.
Then some economist commentated on this “disappointing” news. In a matter of twenty seconds, he managed to explain why the numbers were actually bad, blame both political parties, depress 87% of the listeners, and tie-in the job numbers to an increase in dandruff. OK, I made that last one up…and the statistic about depression.