Economic bravery
Aren’t there too many economic and political unknowns both in domestic economies and the global economy? Perhaps we should heed economist John Maynard Keynes who commented when asked about the future: “In the long run, we are all dead.”
US economist JK Galbraith for instance, was most conscious of the dominant influence of the larger economy. He observed – after 70 years in economics – that “those who foretell the future given unpredictable political and economic forces do not know and normally do not know that they do not know”.
Ellis Thorpe
Old Chapel Walk
Inverurie, Aberdeenshire