I remember once reading that it is still not understood how the giraffe manages to pump an adequate blood supply all the way up to its head; but it is hard to imagine that anyone would conclude tht giraffes do not have long necks. At least not anyone who had ever been to a zoo

Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?

There is not some glorious theoretical synthesis of capitalism that you can write down in a book and follow. You have to grope your way

But part of the job of economics is weeding out errors. That is much harder than making them, but also more fun.

You can see the computer age everywhere but in the productivity statistics.

I remember once reading that it is still not understood how the giraffe manages to pump an adequate blood supply all the way up to its head; but it is hard to imagine that anyone would conclude tht giraffes do not have long necks. At least not anyone who had ever been to a zoo

The fact that there is no such thing as a perfect anti-sepsis does not mean that one might as well do brain surgery in a sewer.