In 2006, Austrian-school economists were convinced that China’s economy would come crashing down before the 2008 Olympics. That the 2008 Olympics would be a total shambles as a result.

I’ve learned not to listen to the prognostications of economists since then. Economists are the single least-capable professionals on the planet, edging out weather forecasters for the crown. They’re the ones who’ll tell you tomorrow why yesterday’s predictions failed today.