Economist: Conclusion Global recessions can never be prevented, Support for they could be prevented only if they were predictable. ███ ███████████ █████ ███ ████ ██████████ ██ █████ █████████ ████████████ ████ ██ ██████████ ███████ ██████ ███████████
The author concludes that global recessions can never be prevented. This is based on the following:
In order to prevent global recessions, it must be the case that those recessions are predictable.
Economist using the best techniques available consistently fail to predict global recessions.
The author assumes that the fact economists have not yet been able to predict global recessions implies that such recession are unpredictable. This overlooks the possibility that the recessions might be predictable, just not with the “best techniques at [the economists’] disposal.” Perhaps better techniques will be developed in the future that will predict recessions. More generally, the assumption is that past failures to predict show that prediction is impossible.
The economist's argument is most ██████████ ██ ███ █████████ ████ ██
presupposes in a ███████ ███ ██████████ ████ ██ ████████ ██ █████████
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treats the predictability ██ ██ ██████ █████ ██ ████████ ███ ███ █████ ██ ██ ████████████ ██ █ ██████████████ ████ ███████ ███ ██████████
fails to address ███ ███████████ ████ ███ ██████████ █████████ ██ ██████████ ███ ███ ██████████ ██ ██████ ██████████ ████ █████████████ ███████
implicitly bases an █████████ ████ █████████ ████ ███ █████ ██████ ██ ███ ███████████ ████ ███ ██████████ ██ ███ ███████████