Ok I couldn’t wait till tomorrow. When I was at Harvard there was an economics professor who I considered the Dr. Seuse of economics. We were told that he could be the next Nobel prize winner in economics. I considered him as idiot.

I am sure that you remember a comedian who did a number about Raymond J Johnson Jr. He said you can call me Ray or you can call me Jay or you can call me Ray Jay or you can call me Ray J Johnson junior but you don’t have to call me Johnson. That was his approach to economics.

One day he put up a model that he said showed that golf and country clubs were going under. His model postulated something about 35 year olds. I asked him where he came up with his numbers because in the DC area there were many clubs that had waiting lists to get in. And then I said if you changed your model to 30 year olds or 40 year olds your entire model goes to shit. He had no answer because no one had ever called him on his bs before. Subsequently some of my classmates suggested that he didn’t respond because he didn’t want to embarrass me and I said I would have welcomed it because he didn’t have any response. He was unaccustomed to anyone calling him out and making him prove his nonsense.

I am doing this rant so that you understand that SWAG is not science. It’s bullshit.

BTW I had a law professor ask me to take it easy on him and I said sure just agree with me.

PS. Paul Krugman won the Nobel prize for economics and hasn’t been right on anything for decades. He’s the self important idiot who said if Trump was elected the stock market would crash and we would be in a recession. He couldn’t have been any more wrong back then but keeps being an expert.