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Date: 2007-11-07 06:38 am (UTC)Economic models don't predict the future, they measure costs that can be controlled and accounted for. If I choose to pay $10 for a movie ticket, it will cost me $10 today. If I choose to pay $10 instead to reduce my carbon footprint, I won't have $10 for a movie. (Oh, yeah, before you ask, I also managed to get straight A's in the half-dozen economics classes I took in college.) I'm not afraid of models that try to predict the future when we can control all the elements and all the relationships are established. I can predict that when I flip a switch that the light will turn on. But I don't agree with people who make exaggerated claims about the future when we have no evidence that shows such a theory can be extrapolated into the future.