Is Being Wrong So Bad?

Maybe I am just especially bad at understanding how the world works, an interpretation my daughters might favor. I doubt, however, that this is the whole story. While I am humble enough to admit mistakes, I am immodest enough to think I am smart, thoughtful, and careful in my analyses. And there have been times when I have been right about important questions. I have long pushed back against two popular predictions that have surfaced regularly since I began my academic career: first, that the world is at a nuclear tipping point and the Nuclear Nonproliferation Treaty regime is close to collapse, and second, that the dollar is about to lose its leading position as a reserve currency. The number of nuclear weapons states has stayed the same since I first heard this warning 30 years ago, and the dollar is strong and more central to the international economy than ever. While I am not sure what my batting average is, I confess I am more likely to highlight when I am right than linger on my misjudgments, be it in the classroom, casual conversation, or scholarly footnotes.

 

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