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Are You Wrong?
i would seek to a re learn what paul volker, allan greenspine and the delphic oracles all understood. In a world where fallibility is inherent and credibility is valuable, there is every reason to confine one's pronouncements to the vague and oracular. So being wrong is bad. Being wrong and more confident about one's view than any one should be about any view is a higher order of error. And the fed needs to back away a from it.