A shaky bet now?

Doug Henwood dhenwood at panix.com
Wed Oct 31 06:49:34 PST 2001


Yoshie Furuhashi wrote:


>Shouldn't left business observers be learning to _hedge_, rather
>than bet on this or that?

Hedging is for wimps.

And, as any Post-Keynesian schoolchild knows, you can't hedge against radical uncertainy - only probabilistically quantifiable risk.

Doug



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