I Was Wrong: Avik Roy was Right

This is extraordinarily big of you. I should incentivize this. Whenever you're back in the DC area send me an email and I'll buy you a drink (or meal, if you prefer).

@Handle,
Thanks. You did say it well. I will take you up on that. Although the incentive is infra marginal. :-)

I love it when you are wrong, and then acknowledge it, because you are a shining example to others of what it means to have intellectual integrity. I find intellectual integrity rare, but much more common among highly successful people like yourself. People who welcome debate and correct their thinking grow. It is much more fun to be growing in one's understanding of the world than to be fighting to protect one's prior beliefs.

It is rare to ever see anyone admit a mistake in these types of debates. It is even rarer to see it done so magnanimously and with no excuses. This shows a lot of class. Well done David.

Gee, David...First that mistake with Galbraith, now with Roy...:-)

@Tom Nagle and Greg G,
Thanks so much.
@Ted Levy,
:-)

Admirable of you David. One of the reasons I like reading you. Best

Good form, sir, good form.