Wednesday, December 16, 2009

Quote of the day

Jeff Jacoby:
Economics isn’t rocket science or any other hard science, and never will be. Human motivations, appetites, relationships, expectations - the raw stuff of economic life - cannot be perfectly modeled or reduced to an unvarying equation. Unlike the tides or electromagnetic waves or chlorophyll, human beings have free will. Men and women choose for themselves, and no economist or policymaker can ever know with perfect certainty what those choices will be.
Indeed, and to believe otherwise is supreme arrogance.

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