Friday, July 22, 2011

QOD

The disappearance of unemployment from elite policy discourse and its replacement by deficit panic has been truly remarkable. It’s not a response to public opinion. In a recent CBS News/New York Times poll, 53 percent of the public named the economy and jobs as the most important problem we face, while only 7 percent named the deficit. Nor is it a response to market pressure. Interest rates on U.S. debt remain near historic lows. [emphasis added]

The Lesser Depression, Paul Krugman

Friday, July 8, 2011

QOD

There is not enough cognitive energy in us to doubt everything

Nassim Nicholas Taleb