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The more interesting aspect is absolute certainty that nerds talk about things like the Federal Reserve. It’s not like other topics. In, for example, discussions about finer points of the x86 architecture, you’ll find a bunch of nerds happily discussing what they know and happily learning from others. But in a discussion of economics? Oh, no. Everyone is a fucking expert. Every, single, person in the discussion is an expert. Except, of course, they aren’t. None of them are.

I’ve done a fair bit of reading on topics like the Federal Reserve and money creation, like any good amateur, and the only thing I know for certain is that it’s insanely complex. Now, I know what you are thinking, you’ve done the research. You know what you are talking about. You’ve read Ayn Rand. You’ve watched dozens of YouTube videos! Dozens! The rest of those simpletons don’t know what they are talking about, but you do. I’m not not trying to be a dick here, but, well… you don’t. That’s just basic probability. Still think you do? You know that the the more ignorant you are on a topic, the more sure you are of your own competence? Still confident? Did you know 80% of people think they are above average drivers?

Thank you. I am so glad someone said it.

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WASHINGTON (AP) - President Barack Obama says in Washington these days, everyone's an economist—or thinks they are.

Obama introduced a team of outside economic advisers Friday at a White House ceremony in which he also renewed his demand that Congress act quickly on his economic recovery package.

As the country struggles with the worst financial crisis since the Great Depression, Obama said there has been no shortage of advice on how to solve the nation's woes.

"You've got some economists and some folks who think they're economists. By the way, these days everybody thinks they're economists," he joked.

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