The Dunning-Kruger Effect Welcome to the age of outrage where all who disagree with me are absolute idiots and morons, and I could never be in the wrong on anything… Isn’t that the premise of just about all internet forums these days? Maybe the problem isn’t the stupidity of others but rather our own inflated…
In 2017, Janet Yellen, the then Chair of the Federal Reserve Bank of America, which is arguably the most prominent and influential financial position to be held by anyone throughout history, boldly stated that “another financial crisis not likely in our lifetime”. In every sense, Yellen must be considered the highest source of authority for a statement…
“The only function of economic forecasting is to make astrology look respectable.” – John Kenneth Galbraith Abstract: The numbers are astronomical. The worldwide debt is beyond comprehension. The great ‘recovery’ post-2008 never happened. The only thing looking good at the moment is the stock market as company buybacks are at record highs due to low-interest rates…
“Truth, of course, must of necessity be stranger than fiction, for we have made fiction to suit ourselves.” Gilbert K. Chesterton As a child I would spend large amounts of time playing with mirrors. I know, I know. It’s a strange choice of entertainment but the game that my cousins and I invented became a classic…
Alvy Singer: This guy goes to a psychiatrist and says, “Doc, my brother’s crazy; he thinks he’s a chicken.” And the doctor says, “Well, why don’t you turn him in?” The guy says, “I would, but I need the eggs.” Well, I guess that’s pretty much how I feel about relationships; y’know, they’re totally irrational,…