“irrational beliefs...” “my research on the development of financial bubbles.”
Up from the depths comes Mr. Flame!!
Welcome back from the cozy confines of the ivory tower and the elite overlook.
So absurd are some things that only history can resurrect the truth from the clutches of the apologists and nay-sayers. Like, say, Alger Hiss or the Rosenbergs. Or any number of political hacks throughout the centuries.
I’m more concerned about the truths posited by economists like “The traditional incentives, hope of money-making and fear of money-loss, will be weakened, and a kind of civil-service loyalty and fervor will need to grow gradually into acceptance.” This quote is from Rex Tugwell, part of FDR’s braintrust. Tugwell was a part of the Institutional Economics school of thought, and as an economist was wholeheartedly enamored with the Soviets ability to ‘manage’ their economies so efficiently.
Call me crazy. But absurd, irrational beliefs like this are why economists are only slightly more trusted than fortunetellers.
“Call me crazy. But absurd, irrational beliefs like this are why economists are only slightly more trusted than fortunetellers.”
You would enjoy market ticker by Karl Denniger. He regularly translates the latest econo-babble into English.
parsy, who reads it daily
Curiosity:
From your “about” page:
“let’s focus our energy on attacking him for legitimate reasons, like his attempted government takeover of health care, his borderline treasonous decision to try KSM in a civilian court, and his attempt to destroy our economy via cap and trade. These are real issues we can win on. The birther nonsense makes us look like nuts. “
One might define another as nuts to not support Cap and Trade. Is after all designed to reduce CO2 emissions and clean up the air. But isn’t it nuts to not want clean air?
Isn’t it nuts to not want healthcare for all?