Hello Bradley,

Thank you for your comment.

First, I think you meant 'fallible,' and not, 'infallible' in your first sentence. Am I right? Assuming that I am right, this point was raised by one of your fellow readers; see the comments above this one.

Yes, there are always unintended consequences, but some can be undone, whereas others cannot.

Regarding your Yogi Berra quote. There is actually quite a lot of work being done exploring what 'Superforecasters' do that others do not.

Rather than offer up counter-arguments to your points. Let me ask state that, if markets cannot be criticized, then they cannot be improved. Do you believe that they are above improvement? If you side with the 'absolutist' camp on this - that markets are above reproach - then you are helping to support my point that there is a contingent of people that have a blind-faith, almost religious devotion to markets. Their criticisms take on the tenor of a middle ages European Catholic defending their Faith by saying that if those danged monarchs would just let us practice everything would be perfect. Then came Protestantism, to demonstrate another way to view the same situation.

If, on the other hand, you believe they may be improved, let's have that discussion. That's the one I am interested in. With emerging topics that is the state we find all of ourselves in.

Yours, in service,

Jason