1Mar/100
The Pretense of Knowledge
I confess that I prefer true but imperfect knowledge, even if it leaves much indetermined and unpredictable, to a pretence of exact knowledge that is likely to be false.
F.A. von Hayek, in his Nobel Prize lecture in 1974, shares some insights it would do well for all of us to take to heart. It doesn't seem like the numbers they are plugging into their equations in DC are causing the results they expected.
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