ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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Not a chance. A person, even a financial prophet, who says "Do nothing" is not newsworthy.
Well Ron Paul and Peter Schiff (and many other Austrians) predicted it and generally receive airtime (Paul and Schiff, not really anyone else). But they generally haven't pointed out specifics, like the stock market will fall -30% this year and been right. They take a longer view. Roubini is more inclined to give statistics.
Schiff also doesn't get half the credibility that Roubini or Taleb get. And they really don't get that much.
I imagine people who are proven right in one area have always been deemed fonts of wisdom on many fronts. I guess it's in our nature to ascribe false intellect and foresight to the successful and to go to these people to ask the way forward. This problem is surely compounded by the fact that many of these individuals believe they have know more than they do (false confidence).
ps - But to answer your question, yes Mr Caplan, they will listen to you for a while, but people demand 'ACTION'. They want to be saved, not to save themselves.
Schiff may have correctly foreseen the American bubble, but completely missed the fact that foreign markets would also bust, instead of decoupling from the US economy as he predicted. His clients are feeling as much pain as US investors, if not more.