Wisdom

A government that admits 80 years of error can't ask you to trust its forecasts

Quote

reading the government saying how, how wrong their own actions were. In light of what they thought at any given time over this 80 year drug war. And I'm thinking, Okay, how can we trust any of their predictions at all?

Episode 40: Miami or bust? That's right. It's Friday, when you're listening to this it's (approx., from transcript intro) 00:13:54 (play audio from this timestamp, opens in a new tab)

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Summary

Reading the MORE Act, in which Congress itself describes how the drug war ruined millions of lives over roughly 80 years, Dave wonders why anyone should trust official predictions, such as Janet Yellen saying inflation is only temporary.