[MD] BBC documentary 'the trap'

[John Carl]

Astute phraseology, Ian.  That seems to be the consensus  analysis of the
way new formulations for figuring derivatives evolved.  On the one hand, the
math was complicated enough to keep out common sense thinkers, on the other
hand, the value factors in the equation were simplisticated beyond normal
recognition as well.
Over-intellectualism strikes again!

On Thu, Aug 20, 2009 at 11:26 AM, david buchanan <dmbuchanan at hotmail.com>wrote:

On top of that, I happen to be good friends with a tenured professor of
> economics who also works as an associate at Rand. We talked about the model
> of human behavior that comes out of Nash's equations and I can tell you that
> they still form the basis of economic theory in this country.


Yay economic theory in this country!  Nothing inspires me like the loyalty
of the band playing while the titanic sinks.



And if you want a "common sense" assessment, all you have to do is listen to
> what today's conservatives are saying. They're giving voice to Hayek and
> Nash's vision in the current health care debate and you can also hear it in
> the voices of the conservatives in this forum. Platt's admiration of Ayn
> Rand springs to mind.


Ok, I didn't know about that.  Platt..??  Is this true?  An amazing woman in
her own right, no doubt, but nobody worth  following in any meaningful way.
 What would be the point of "following" Ayn Rand?  She's self-aggrandizing
enough, she certainly doesn't need any reinforcement.



> To suggest that these theories are no longer operable or that it's no
> longer a problem, in my opinion, only shows that you're not paying attention
> or that you don't understand how the implications of those theories continue
> to play themselves out on a daily basis.
> I mean, dude, you are swallowing some awful, awful stuff and apparently
> don't realize how or why it's so rotten. Buy a clue, rent a hunch or
> something, will you? Jeez.


Well you sound a bit harsh here Dave, but that's just me filtering through
my stylebook.  I sorta construed Ian's remarks as denigrating this thinking
you also condemn.  And it seems to me that it has lost an awful lot of oomph
lately with the way its all played out, so I agree with him.

However you make good points about the entrenched momentum.  Once these
static latches take strong hold, they take forever to shake off.  Hence
violent and wasteful revolutions throughout history.

Over-intellectualism strikes again!

John the overcompensating under-intellectualist


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