From Scholars Strategy Network, an open letter: Economists’ Letter on Recovery Policy Dear National Lawmakers, As you consider a new package of aid to support the nation during the ongoing COVID-19 pandemic, now is an appropriate time for the federal government to consider economic research carefully in order to provide well-targeted, significant relief to state […]
He had me at “hat.”
We can attempt to extrapolate from what we know, but that is very difficult. When we attempt to predict advances that have not yet been made, like the warp drive, that invites disaster. But it’s very tempting to try to do so. The inability of the mind to foresee its own advance is one of the reasons the future will always surprise us.
The other reason is that not all tastes, values, and desires of individual human beings are accessible even to them. That sounds very weird if it’s an unfamiliar concept to you. But I will give you an example that I find especially dramatic. Consider your own face. You probably know things about your face that your own spouse does not know. You probably have very considered opinions about what kind of eyewear looks better or worse, what kind of hat or cosmetics you favor, or what kind of shaving products you prefer. All these things are known to you, but only partially. Sometimes you walk into a store and see a hat that you’ve never seen before and say, “This is perfect! Hey, I did not know that, but this is the one!” And it is this inaccessibility of consumer tastes, values, and preferences that means economic planning is always impossible to do in advance when you want to try to plan for the entire society.
This is from Jason Kuznicki, “The Future History of Liberty,” Cato’s Letter, Fall 2018, Vol. 16, No. 4.
During my staycation, I’m catching up on things in my pile that had gone unread. The whole article is excellent. Kuznicki’s statement up front about the book that did a great deal to make him a libertarian is nicely surprising.
When he used the example of the hat, it immediately worked for me. Not that I’m a hat person that much, although when I play pickle ball I always wear a cap. Rather, I will see a shirt that maybe no one thought I would like–and I love it. My wife is very good at ascertaining my tastes. But even some shirts are ones that she wouldn’t have thought of.
Although truth be told, she hit a home run with her Father’s Day present, a T-shirt that says on the front:
Surely not EVERYONE was Kung-Fu Fighting.
Cleveland EMS crews win PTSD coverage, $3.7M in back pay after long battle with city Cleveland 19 NewsCleveland EMS crews win PTSD coverage, $3.7M in back pay after long battle with city Cleveland 19 News