Saturday, October 10, 2020

Grappling...........................

 The sensible answer to the question 'Will there be another global financial crisis in the next ten years?' is 'I don't know.'  Both professional economists and economic agents, whether business or households, grapple with the question of 'What is going on here?'  When experts claim knowledge they do not and could not have, they invite the response that people have 'had enough of experts.'

-John Kay and Mervyn King,  Radical Uncertainty:  Decision-Making Beyond The Numbers

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