No two economists are alike

There is a debate going on regarding whether we need another stimulus since the one before has not made much difference. Various economists are for or against it and some even pessimists economists are suggesting that we may be heading for a double dip recession. But on the other hand some economists are saying that it is not true and we are not heading in that direction. What to make of all of this. This is just causing more confusing than solving it. If the economists who are the experts are not in consensus on what or where the economy is heading how the common person can know about it.

There was a famous president that said that show him an economist with one hand since they are always saying on the one or the other hand. The problem is that economics is not an exact science like chemistry, physics or biology or math. It is based on human behavior and how they act during a certain circumstances and also since the future is unpredictable, the economists have to make do with history, finance, guesswork, formulas and apply it to the imperfect world. So we would never see any consensus of what and where we are headed in these uncertain times.