Economics

In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.

The field of economics is not exempt from the consequences of chaos and complexity. Marketplaces are indeterminate; value is subjective; and outcomes are subject to interpretation. Economic forecasting is just as nebulous, being based on the probability of statistical information that may or may not be accurate.

Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy.