Kevin Duffy on the two predominant ideologies

There are essentially two views of the world: order and chaos.  Some see a natural order: the food chain, pecking orders, innate behaviors, complex adaptive systems, natural selection.  Others see chaos requiring direction by a group of experts.

At least when it comes to economic activity, the overwhelming majority adopt the chaos view.  They fail to grasp Adam Smith’s “invisible hand” of mutually beneficial trade, Friedrich Hayek’s “pretense of knowledge” with regard to central planners, or Frederic Bastiat’s “seen and unseen costs” concerning the unintended consequences of economic policies.

~ Kevin Duffy, "The Expert Model," LewRockwell.com, May 27, 2020

(Excerpt from the May 27 issue of The Coffee Can Portfolio, p. 2)