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John Alcorn's avatar

Re: "Can we imagine a society in which everyone sees the same facts and has the same interpretation of those facts? Would such a society be much more predictable and controllable than our existing society?"

1. People would still have normative disagreements, even if they agree about facts and mechanisms.

For example, I surmise that Bryan Caplan and you agree about facts and mechanisms relevant to policy debate about UBI, but you favor UBI and he opposes it. And even if everyone sees 'the facts of the matter' about poverty the same way, it would still be hard to predict the long-term effects of a UBI on poverty and culture.

2. Never underestimate the role of the passions in social conflict and unrest.

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Yancey Ward's avatar

S&P500 on January 1st 2020- 3226

S&P500 this morning as I write-4052

Dow 30 on January 1st 2020- 28256

Dow 30 this morning as I write- 33931

Nasdaq on January 1st 2020- 9151

Nasdaq this morning as I write- 11505

That should put the decline in 2022 into some perspective.

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