Educated guesses are the best we can do

"Suppose you were an idiot, and suppose you were a member of congress; but I repeat myself.”
                                                                         - Mark Twain


Economics is, at best, an uncertain science. No one - not even Nobel prize winning economists - “ knows” the economic effect of any activity, effort or event. Yet members of congress (from both parties) constantly pontificate as if they do. Any one of them who makes a statement like that is an idiot. But I repeat myself.


Consider this in the coming debate.