Wm. White, speaking at Soros's INET meeting recently commented: "Even an economist will admit that something is possible after it has happened." But if the event is inconvienient, instead of changing the theory they seem to prefer to label the event "an outlier" or "an anomoly". So long as they are rewarded for being blind and punished for describing what they actually see this will remain the case.

Voltaire wrote a fable in which he said "In the Kingdom of The Blind the one eyed man is King." In the fable the blind population put out the eye of the one eyed king.  

"It is not necessary to have hope in order to persevere."