The virtue of excellence

Monday, April 18, 2011

No Right Answer

Item 3 on my most changed positions in the last 2 years (or 20) is that there is no right answer, ever. For all interesting problems...all problems about how to act in the actual world...it comes down to tradeoffs...which make it all game theory and economics. ALL.

If you're seeking goals A and B, then action X gives you more of goal A, and less of goal B, while action Y gives more B and less A. (There are also alway crappy solutions that give you less of everything, but we're ignoring those). That's ALWAYS the choice. 100% of the time (not +/- 3%). Anyone selling a solution for A that doesn't say: and that gives you less of B, C, or Q...is misleading you.

Libertarianism leads to substantially worse outcomes for some of today's poor. Progressivism's safety net becomes a safety hammock (phrasing: Dan Mitchell) for some. Conservativism means that real oddballs (like me) are screwed. Economic growth means that politics aren't stable, as real power is shifting hard. Political stability means low growth.

1 comments:

Borepatch said...

It's said that the Scientific Method doesn't result in a falsehood being replaced with a truth. It results in a falsehood being replaced with a more subtle falsehood.