It is such an irony really. One one hand, economists spend most of their time talking or training themselves about ills of government. But on the other, they just salvate on getting a position of government economic adviser/central banker etc. The power of being a government appointed economist suddenly catapults one to enormous fame. And if the person can build some image spin with the media, then one is assured of a position of a demi-god of sorts.
The run up to US Presidential elections is on. As expected, economists have jumped in the fray saying which Presidential candidate’s economic plan is superior to others. It is as chaotic as following the Presidential candidate debates.
Prof Laurence Kotlikoff has an apt warning for all such economists. They parade as economists but their advice is colored on the basis of the position of their political bosses or political favorites:
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Utopia, you are standing in it! 
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