Perspective. It’s among the treasures of insights that wise people bring to their analyses and to our discussions. McCloskey brings it here, in the manuscript from which this quotation is drawn. Tyler Cowen brings it here. Johan Norberg brings it here. Matt Ridley brings it here. Adam Smith brought it here (in particular, at the end of paragraph 32). Julian Simon brought it here. Perspective is evidence of maturity, of sound and sober judgment, and of a disposition to avoid indulging in the often emotionally satisfying weakness of hysteria.
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