best track record of any top pundit in the US
The study linked to meant next to nothing in my eyes. It studied political predictions in an election year by political hacks on tv. 2007-2008. Guess what? IN an election cycle that liberals beat conservatives, the liberal predictions more often came true than conservative predictions.
Reminds me of the reported models of mortgage securities, created using data from boom times only.
Krugman was competing with a bunch of other political hacks and columnists. I doubt that accuracy is the highest motivation for any of them. The political hacks want to curry support, and the columnists want to be invited on tv and have their articles read. I'd put at least 3 motivations above accuracy for that crowd: manipulate attitudes, throw red meat to their natural markets, and entertain. It's Dark Arts, all the way, all the time.
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I think the test for EY's articles aren't predictions he makes, which I don't recall many of, but what you can do with the insight he offers. For example, does it allow you to deal with your own problems better? Has it improved your instrumental rationality, including your epistemic rationality?
I don't agree with this at all. I could become a Christian, and then believe that all of my problems are gone because I have an eternity in heaven waiting for me simply because I accepted Jesus Christ as my savior. Christianity makes few falsifiable predictions. I want to hold EY up to a higher standard.