Words Worth Noting - June 15, 2022

“A charitable view is that [Alan] Greenspan is what Karl Popper called a ‘historicist’ – one who believes the way people respond to incentives changes, so that economic models true last year are no longer true today…. But, what looks like an open and forward-looking mind may be, as Popper suggested, nothing more than a mind without bearings.”

Filip Palda in Ottawa Citizen March 17, 2000