OT
Well, the etymology of "speculation" is of course "seeing through other people's eyes" -- if there really were common agreed-upon knowledge in the financial markets, there would be no reason for financial markets.
David Lewis is one of the most famous contemporary philosophers, who has done symbolic logic type treatments of common knowledge.
MF was before my time. He probably hasn't actually taught since the late 70s. I like MF in the same way I like Southwest Airlines. I don't actually fly Southwest Airlines, but I like it because it keeps the other airlines on their toes. In the same way, I am wary of MF's assertions, but he does keep everyone else on their toes. I think MF oversimplifies, and that Keynes, although now ignored, was actually a much greater intellect... but anyway, this isn't the time nor the place for this debate.
Nietzsche wrote that the intellectual softness of Germans can be traced to their lives being filled with "beer, politics, and Wagner's music." Brahms is more my kind of thing, and I imagine Nietzsche would've disliked him even more.
The PC instead of FRB argument is interesting, but only that. OTOT, would you happen to know Greenspan's background as an economist? His PhD is from NYU, correct? Are there any well-known figures who mentored him? |
