Monday, October 31, 2011

Dangerous experts

Financial and other "experts' are supposed to keep us out of trouble, not lead us into it. Are the "experts" who created the economic trouble really experts, or simply opportunists?

Experts fail when their "special knowledge" causes them to weaken valid statistical predictions because they "know more" or :"know essential facts."

But then, bad predictions are forgotten and often buried in reasonable-sounding explanations.

Wall Street profiting

Wall Street financial houses are supposed to make money when the economy is out of balance, and the U.S economy is way out of balance. However, dishonesty masks what is really wrong. If you prevent Wall Street firms from making the money they are supposed to make in a sick economy--this is addressing the symptom rather than the cause, which is a SICK economy. The problem is even deeper--society's values are sick, which makes the economy sick.