Amendment of the law

I studied economics for a time at university, and it seems to me that we have to accept that forecasts are, to a large extent, guesswork, except in periods of extraordinary stability; the variables far exceed our understanding of them. Does the hon. Gentleman not agree that, if there are large swings between periods of contraction and expansion in the economy, one of the biggest dangers is that demand and supply will get out of kilter and there will be increased oscillation? In simple terms, if the forecast is correct, we could go from a period of dramatic contraction to one of dramatic growth. That might create future instability and perhaps an even bigger crash.