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Economics - some further thoughts.

  1. Thoughts for Thursday morning (not original unfortunately, more in the line of truisms.)

    1/ An economist is someone who can tell you with 100% accuracy what happened.

    2/ You will very rarely meet a truly wealthy economist, which seems strange given how much they know about economics?

    3/ If there is a simple answer to an incredibly complex problem it is almost certainly wrong.

    4/ And so is the alternative.

    5/ University teaches you to think - some think it teaches them to know. This can be a dangerous misconception.

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