I read a lot of blogs written by economists, from all different schools of thought. And my conclusion is that, if there was a scoring system going on, most of these guys seem to be under the impression that you get bonus points for being as bombastic and derisive as possible. In fact, it's better if you don't even really pay attention to what the other side is saying, while at the same time regularly taking them to task for bad ideas.
Anyway, what has become clear is that most of these folks would rather not be wrong than actually be right. Which makes it fortunate that they don't have any skin in the game. They can sit on the sidelines, make bad calls, rationalize it away, and carry on. They are snarky and petulant, and it trickles down to the people who comment at their sites.
On the opposite end of the spectrum, the smart investor has no choice but to be different. Bad logic means money lost. And the more stubborn you are about it, the worse it's going to get. Sadly, economist, these days, has become a synonym for ideologue. And, in the end, those guys always get what's coming to them.
