Professors Make More Than a Thousand Dollars an Hour Peddling Mega-Mergers
Most of economics is an intellectual veneer to justify politically motivated policy actions. The &#x27;science&#x27; is seldom predictive, nor does it even attempt to be. It has more in common with augury.<p>This blurb, for instance, openly admits their expert opinions are for sale,<p>&#x27;Economists have an “incentive to get a reputation as someone who will make a certain type of argument. People will hire you because they know what testimony you will give,” said Robert Porter, an economist from Northwestern who has never testified on behalf of a corporation in an antitrust matter.&#x27;