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Oh, I know what you sappy sentimentalists are thinking: “I love you.” But, you would be wrong! How embarrassing.
The three most important words in the English language are: “I don’t know.” Okay, technically that’s four words with a contraction in the middle, smarty pants.
But, seriously, with the election coming up and almost no one’s predictions playing out in the 2016 election — yeah, I’m looking at you Mr. “the stock market will never recover” Paul Krugman, and I quote:
It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
It would seem a little intellectual humility is in order. Clearly, “experts” don’t know as much as they think they do about the economy, the stock market, the climate (someone tell Greta; you can find her at Davos), international relations, trade, or national politics.
The web of trust between the expert class and the rest of us is in tatters. It can start being restored by admitting, “I don’t know,” and then repeating the next most important three words: “I was wrong.” Two phrases you’ll never hear from the Left, despite it being willfully ignorant and wrong about almost everything.Published in