Sunday, July 11, 2010

On Disagreeing with Krugman

[Pity the Poor C.E.O.’s, by Paul Krugman, Commentary, NY Times: Job creation has been disappointing, but first-quarter corporate profits were up 44 percent from a year earlier. Consumers are nervous, but the Dow, which was below 8,000 on the day President Obama was inaugurated, is now over 10,000. In a rational universe, American business would be very happy with Mr. Obama.]

this is not the right standard.  to use the same methods, we should be displeased with obama because of the current unemployment figures.

the question is not a linear “what was it then, what is it now?”  it’s “what is it now, what would it be if handled differently?”

double standards are not cool.

Monday, July 5, 2010

self awareness

i am especially prone to adaptive expectations and confirmation bias.  i suppose awareness is the first step.