Showing posts with label complex systems. Show all posts
Showing posts with label complex systems. Show all posts

Nov 26, 2020

Dan Ferris on central banking

People actually believe that a few numbskulls with advanced degrees and finance pedigrees can control and manipulate a hopelessly complex 20 trillion dollar economy from the top down with these simple levers of moving interest rates around, printing money, buying securities.  It's ridiculous.

~ Dan Ferris, "When to Buy and When to Sell," Stansberry Investor Hour, 10:30 mark, November 25, 2020



Jan 9, 2016

Katniss Everdeen on centralized systems

It must be a fragile system if it can be brought down by just a few berries.

~ Katniss Everdeen, visit from President Snow in Catching Fire



Feb 23, 2014

Nassim Taleb on Platonicity

Medieval man was a cog in a wheel he did not understand; modern man is a cog in a complicated system he thinks he understands.

~ Nassim Taleb, The Bed of Procrustes, p. 57

Image result for the bed of procrustes