Posts filed under “Philosophy”
I want to respond broadly to some of the advocates who still seem to be missing the concept of Proximate Cause. We can substitute all sorts of things in the general statement “The housing boom and bust was caused by ____” — but only if you don’t care about things like proximity or statistical validity.
Indeed, if I were to ignore the hard data and focus on the squishy narrative, I end up with tracing the blame to one simple source: MTV Cribs.
The series showcased the huge, luxurious homes of the rich and famous in music, film, and sports. It was watched by young, easily influenced kids who would soon be out on their own, buying Cribs that they themselves could not afford.
Even worse, MTV Cribs was imitated by lots of other property porn shows on HGTV (Designed to Sell, House Hunters, Dream House, Extreme Homes) or TLC (Trading Spaces), or the Discovery channel.
But it all traces back to Cribs . . .
<Sarcasm Mode Off>
I did an interview with a print reporter yesterday about what has been going on with lack of prosecutions, the banks, and Wall Street in general. We discussed the corrupt exchanges and HFT. I dropped lots of F-Bombs, called out cowards and crooks and held nothing back. (“That fucker belongs in prison; this son of…Read More
Last week, I discussed “The Big Lie goes viral” in terms of the causes of the financial crisis. But that commentary begged the issue: What exactly is “Causation“? This is a precise term of art that has a very specific meaning. Many of the world’s greatest thinkers, from Aristotle to Kant to Hume, have examined…Read More
The world’s population is expected to hit seven billion in the next few weeks. After growing very slowly for most of human history, the number of people on Earth has more than doubled in the last 50 years. Click below to find out where you fit into this story of human life? Source: The World…Read More
Our quote of the day comes from an article in this Sunday’s NYT magazine, Don’t Blink! The Hazards of Confidence by Daniel Kahneman: “The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [financial] industry. Facts that challenge such basic assumptions — and thereby threaten people’s…Read More
A fantastic quote bubbled up in comments the other day: “There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to…Read More
> The graphic above, via Jon Bruner of Forbes, reflects the enormous American contribution to Arts & Sciences over the past century. What is intriguing is not just that the US has won so many prizes, but that the a third of American Nobels have gone to immigrants to the US: “The United States has…Read More
Interesting quote from The New Yorker: “Who will be the next Steve Jobs? I doubt it will be Mark Zuckerberg. He gives every indication of being the next Bill Gates: a smart dude who has one great idea at the right time, builds a monopoly, and then keeps it by releasing stuff that’s good enough…Read More
Our Quote of the Day is over 30 years old: “There is a cult of ignorance in the United States, and there always has been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that “my ignorance is…Read More