Wednesday, February 1, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Economy

The Habit of Criticism and Truth

Updates Finance by Updates Finance
July 21, 2022
in Economy
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Fortunately, this isn’t the Volcker disinflation

UK companies fail at fastest rate since financial crisis

Fighting Inflation Really Means Fighting the Federal Reserve

In freer rather than less free societies, even if not truly free as Western societies stand, people get used to debates and criticism, which tend to push them in the path of truth and thus, at least in the long run, economic efficiency. This is a major advantage over less free and unfree societies. This observation must also be valid in war, at least ceteris paribus—for example, given an equal public support for a war.

An information revealed by the Wall Street Journal about a classified report being prepared by the Pentagon illustrates this point. The subject matter is the military causes and circumstances of the disastrous American retreat from Afghanistan last summer (“Report on Pentagon Role in Afghanistan Is Under Review,” July 18, 2022):

An initial draft of the Pentagon’s assessment, completed by authors affiliated with National Defense University, was submitted in March. …

The problem with the report submitted in March wasn’t that it was too critical, [an anonymous senior defense official] said. “A draft document would not have been returned because the belief was that it was too critical; you get nothing out of an after-action analysis if it is not critical enough,” the official said [my emphasis].

Defense secretary Lloyd Austin previously declared:

We want to make sure that we learn every lesson that can be learned from this experience.

The information, of course, could be false or embellished, but there is a good probability that it is correct because of the general quality of fact reporting by the Wall Street Journal. The information is not surprising anyway: the freer a society, the more criticism is valued and expected; and the more officialdom has problems hiding the truth, if only because it is likely to be leaked. A free press plays an important role—and it should be noted that a free press is not one that says what you think it should say, but a set of medias not barred from Power from saying what they want. Nothing is perfect, of course, but most things are more imperfect in an unfree society.



Source link

Tags: criticismHabitTruth
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

Fortunately, this isn’t the Volcker disinflation

by Updates Finance
January 31, 2023
0

In general, policies that bring down inflation tend to impose pain on the labor market. That was certainly the case back in the early 1980s, when Paul Volcker’s...

Read more

UK companies fail at fastest rate since financial crisis

by Updates Finance
January 31, 2023
0

The number of companies going bust in the UK has reached its highest level since the financial crisis in 2009 as soaring inflation costs, rising interest rates and...

Read more

Fighting Inflation Really Means Fighting the Federal Reserve

by Updates Finance
January 31, 2023
0

There are surely other worlds than this—other thoughts than the thoughts of the multitude—other speculations than the speculations of the sophist. —Edgar Allan Poe, “The Assignation” Nothing brings...

Read more

Top Summer Schools in Economics 2023

by Updates Finance
January 31, 2023
0

Whether you want to learn about a new topic, to brush up on your skills, or to meet more people in your economics field, summer schools are an...

Read more

What if new housing does not reduce housing prices?

by Updates Finance
January 31, 2023
0

Almost all economists believe that a policy change that encourages the building of more housing will tend to reduce housing prices.  That’s what the laws of supply and...

Read more
Next Post

Google Just Made a Brilliant Announcement That Could Save It Millions of Dollars. It's a Lesson in Emotional Intelligence

Related News

Azincourt Energy Receives Drill Permit for East Preston Uranium Project, Athabasca Basin, Saskatchewan

December 13, 2022

Analysts love these energy stocks — and give one upside of more than 60%

November 29, 2022

The NVIDIA/Microsoft AI Supercomputer Cloud Is A No-Brainer

November 18, 2022

Browse by Category

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Recent News

  • Geely’s Lotus Going Public via SPAC at $5.4 Billion Valuation
  • OpenAI releases tool to detect AI-generated text, including from ChatGPT • TechCrunch

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?