Why is economics still a thing?

Too Long; Didn't Read

<span>W</span>hy do people still listen to economists? Why does anyone care what they say? Did any successful entrepreneur or inventor ever do anything <em>not</em> original. Do a YouTube search for Bitcoin. Almost all the the top search results are about how to trade and how to make a profit. They call it “technical analysis” and there’s some random self proclaimed expert saying he knows how to see Fibonacci series in the patterns of some random price chart. Do they even know what a Fibonacci sequence is and why it’s important mathematically? Fibonacci never cared about commodity prices. He cared about numbers and sequences. Economists try to predict the behavior of investors by predicting what other investors would do if they had the same information available as all the other investors. This puts the economist in a unique position. The economist knows that what he says or doesn’t say can have an impact on how the market behaves. This in turn gives the economist an opportunity to invest in something else entirely, giving him a head start compared to any other investor. He is incentivized to give away partial information at all times. This is the main reason to why you hear the word “bubble” so often when it comes to Bitcoin.