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— George Bernard Shaw"Experience is a wonderful thing. It enables you to recognize a mistake when you make it again. If all economists were laid end to end they would not reach a conclusion."
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Most people early achieve and later intensify a tendency to process new and disconfirming information so that any original conclusion remains intact. They become people of whom Philip Wylie observed: "You couldn't 't squeeze a dime between what they already know and what they will never learn."
— Charlie Munger
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Much of economics isn't difficult, or rather, the difficulty is in cooking up arguments to "prove" that commonsense conclusions are wrong. The fact is that many commonsense conclusions are quite correct, and it takes a lot of education to get you to believe different.
— Jerry Pournelle
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