  Admit You Don’t Have A Clue  October 1, 2011 By Daniel
McLaughlin , The Post-Journal  In his acceptance speech for the
Nobel Prize in Economics, Friedrich Hayek articulated the idea
of the pretense of knowledge. He recognized that even if
politicians and economists were angels with the best intentions,
they would still be incapable of bringing about desired positive
results for the economy and the nation.  No president,
economist, or congressman, can accurately predict the future.
Even weather forecasters can only generalize the weather
patterns for the next day or two, and even that is constantly
changing. They cannot tell us for sure what the localized
weather will be. Thus even weather forecasts are merely educated
guesses which turn out to be wrong a significant portion of the
time. The future is always unknowable. There are significant
events the effects of which can be deduced by cause-effect
logic, such as overcast skies downwind of a volcanic eruption or
the bursting of an economic bubble caused by