His rivals have yet to apologise for being so wrong for so long.

ECONOMIST: Sovietology

And yet, year after year, so many generally decent practitioners get it so embarrassingly wrong.

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Yet he still maintains some of his allure when he takes the wrong course, but does so plainly out of principle.

ECONOMIST: The presidential campaign

Otherwise, at exactly the wrong time, we stand to get yet more government steering while the market rows, like so-called partnerships and matching grants that seduce not-quite-private-sector opportunism.

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