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[wormsy]

The tack this expert witness has taken is to demolish assumptions.

Having done research for a year, I am too well aware that any framework or assumptions are ultimately false. They are set up to simplify and used in decision making. Perhaps that is why financial concepts such as CAPM, EVA and etc can all be destroyed. Yet, people have continued to use them because we lack something better.

That is, if this expert witness were to turn around and examine the assumptions behind anti-terrorism policies, he would be able to find assumptions that are false.

What does that mean? It mean that we can take any policy and we still would not know how it might turn out. Do scarcity necessarily lead to innovation? If you look at Japan, Australia and etc, yes.

If you look at other poor countries that also faced scare resources, no.