As Yogi Berra put it: predicting is hard when it’s about the future. But how do you make faulty predictions about things that have already happened?

That question leapt to mind when we read in the Wall Street Journal about a cabal of top Wall Street and academic economists and a gaggle of Nobel prize winners who believe Biden would be better at combating inflation and debt and keeping interest rates low than Trump.

Hello! They’ve both been President. Their batting averages speak for themselves. Here’s a chart we prepared on these measures:

It isn’t even close. We’re not defending Trump’s record on the debt.  It was pretty bad. But Biden’s is atrocious.

How sad that economists have become political economists – and dismal ones at that. No wonder it’s called the dismal profession.