[vooch]

Taleeb knocks it Out of the park with this. Our intellectuals yet idiots are no different than Soviet era Nomenklatura

[conservatism_IS_compassion]

Taleb knocks it Out of the park with this. Our intellectuals yet idiots are no different than Soviet era Nomenklatura

Thanks for mentioning the name of the author . . . I noticed

macroeconomic analysis working worse than astrology

which relates to two things I was previously aware of:

1. There are two kinds of economics:
   1. Classical economics, now called “microeconomics,” and

   2. Democrat wish-fallfilment “economics,” called “macroeconomics”

2. Nasim Nicholas Taleb has written several books, and I’ve read three of them. One of them - not The Black Swan - asserted that economists commit a math error by writing an equation with an integral - then taking one of the variables out of the integral by assuming, incorrectly, that it is a constant.

   Clearly, he must have been referring to macroeconomic theory at the time.