February 13, 2009
More Stimulating Conversation
NP: Thelonius Monk and Sonny Rollins, "Friday the 13th"
I haven't been paying much attention to the bank bailout talk this week, but Nate Silver has, and while his pleas almost certainly fall on deaf ears, I can't agree more with this part:
I'm sorry, but somewhere between 99.9% and 99.999999% of us are severely underqualified to be making policy recommendations on this particular issue. And I'm certainly in the majority on this one. My anecdotal experience for the past several months has been that the more someone knows about the economy, the more they know (or at least are willing to admit to) what they don't know. Anyone who is professing with certainty that this or that will work -- nationalizing the banks, for instance -- is an idiot.
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