&quot;You are posing two extremes: One where everything can be known with certainty, and one where everything is purely based on faith, and dismissing the potential of there being something in the middle.&quot;<p>That&#x27;s not what I&#x27;m posing. My claim is that both positions involve faith, but the Austrians are conservative in their assumptions and systematic in how they build from it. To me that is more trustworthy than non-systematic and statistically insignificant approaches.<p>Your minimum wage paragraph doesn&#x27;t bring me closer. I think we&#x27;ve reached agree-to-disagree. Fortunately, this is only the internet. What we say doesn&#x27;t matter, my opinions are of no consequence.