Here's the wisest economic saying I have ever heard: governments should run the economy like a housewife runs her household budget. That was Margaret Thatcher.
The second-most insightful saying on economics I have ever heard: The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. -- Friedrich August von Hayek
Forget the AI, forget the experts, forget the professors with their PhDs in economics. They're all just guessers, making guesses that are as likely to be wrong as they are to be right. Got that?
The second-most insightful saying on economics I have ever heard: The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. -- Friedrich August von Hayek
Forget the AI, forget the experts, forget the professors with their PhDs in economics. They're all just guessers, making guesses that are as likely to be wrong as they are to be right. Got that?