Former bank chairman praises unbridled capitalism and seethes at government intervention in his book, The Rational Optimist, even if it was his own bank that was saved by government intervention. Irony at 11.
What makes this story amusing, however, is that this banker-come-writer, assumed that he was smarter than other professionals in other fields, and thus branched out in his book, into arguments that he could not defend, other than to say that he was right.
I think he needs to change the title of the book to: The Irrational Dunce.
2 comments:
Maybe you'd have a different view if you'd actually READ the book before flinging your mindless comment.
Those interested in Ridley's very good book might also wish to know about my own book, THE CASE FOR RATIONAL OPTIMISM (Transaction Books, Rutgers University, 2009), which makes quite similar points and arguments, but develops the case for optimism over a rather broader range of subject areas. See http://www.fsrcoin.com/k.htm
Frank, to YOU it's a question of rational optimism; to most other people, it's a case of cherry picking data, then spinning it in an optimistic light. Anyone can be an optimist, in that regard.
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