The View From 1776
Wednesday, April 18, 2012
Computer Models Fail To Predict Accurately
Whether it’s Keynesian economists or global warming scientism, computer models intended to restructure reality have proved to be worse than useless. They misdirect enormous resources of time and money.
Obama’s various stimulus programs, based on Keynesian computer models, have completely failed to deliver economic resurgence (as have all such efforts since their debut in the 1930). Global warming predicted by leading climate theoreticians like Al Gore have all been very wide of the mark.
As Eric Voegelin observed, liberal-progressives’ gnostic pursuits of earthly perfection don’t change reality, but they have consequences. Those consequences are not good.