“But no computer has yet been devised which will produce accurate results from a diet of opinion and emotion.”
Read MoreIf you prioritize economic growth over social spending, you will have a great measure of both: if you prioritize social spending over growth you will have less of both.
Read MoreHe avoided the accumulation of economic data, believing the cost of accumulating outweighed its value. He felt such data was used to enable economic planning which he opposed, and because it instilled a false sense of certainty about outcomes. Cowperthwaite governed from principles, not data.
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