..thinking like a fox . If one wants to be correct in one's predictions and general models, one needs to be willing to change one's opinions. All around in American culture, we see the veneration of single-minded 'hedgehogs', that are the most strident, and no matter how wrong, that explain away their mistaken judgments, but never consider their model wrong. I've sometime worried about you, Mr. Krugman, becoming corrupted by media exposure, since the more exposure the more incorrect theorists become, having to spend so much time defending and selling their ideas to an America that likes absolute opinions delivered with absolutely certainty. Cheers to you, and hoping you stay smart, like a fox.
A Prediction Diary