MATT TAIBBI ~ THE TEN RULES OF HATE ~ HATE INC. ~ 2019

~ TAOTI-TSOIIN ~ There Are Only Two Ideas – The Spectrum Of Ideas Is Narrow

~ TTIAIPC ~ The Two Ideas Are In Permanent Conflict

~ H-P-N-I ~ Hate – People – Not – Institutions

~ EISEF ~ Everything Is Someone Else’s Fault

~ NIEF ~ Nothing Is Everyone’s Fault

~ R-D-T ~ Root – Don’t – Think

~ NST ~ No Switching Teams

~ TOSILH ~ The Other Side Is Literally Hitler

~ IT-FAH-EIP ~ In The – Fight Against Hitler – Everything Is Permitted

~ FS ~ Feel Superior

MATT TAIBBI ~ HATE INC. ~ 2019

~ TW-T-N-N ~ This Was – Theater – Not – News

~ TTUTMNBISAWATAT-SP-F-ICCTRYP-EO-A-AAOYCH-SITY ~ The Technology Underpinning The Modern News Business Is Sophisticated And Works According To A Two-Step Process – First – It Creates Content That Reinforces Your Pre-Existing Opinions – And – After Analysis Of Your Consumer Habits – Sends It To You

~ PNTS-UTN-AS-‘TN’-B-A-AICE-ICMOMCWBTTSIOOD ~ People Need To Start – Understanding The News – Not As – “The News” – But – As – An Individualized Consumer Experience – It Creates Masses Of Media Consumers Who’ve Been Trained To See In Only One Direction

~ AITO-TIAUIKUD-AA–TMSWA-TMPIWB ~ As It Turns Out – There Is A Utility In Keeping Us Divided – As A People – The More Separate We Are – The More Politically Impotent We Become

~ OSC-WTTCTNTWSFD-WRFOT-A-HATR ~ Once Safely Captured – We’re Trained To Consume The News The Way Sports Fans Do – We Root For Our Team – And – Hate All The Rest

~ H-ITPO-I-A-M-HB-EISB ~ Hatred – Is The Partner Of – Ignorance – And – Media – Have Become – Expert In Selling Both

~ IH-TO-L-MDT-FCOIA-DOAOTK-A-FSLP-MFD-TPRD ~ Intramural Hatreds – To Obscure – Larger – More Damning Truths – Fake Controversies Of Increasing Absurdity – Deployed Over And Over To Keep – Audiences – From Seeing Larger Problems – Manufactured Fake Dissent – To Prevent Real Dissent

~ N-TPPTNMS-I-D-B-TEMPTMIC-TBTJHISEF-IHVLM ~ Now – The Primary Product The News Media Sells – Is – Division – But – The Easiest Media Product To Make Is Called – This Bad Thing Just Happened Is Someone Else’s Fault – It Has Virtually Limitless Market

~ TMM-TATCNIACW-A-PP-ATC-TBA-SOA-ET-Y-OAP-O-TOY-P-TV-O-CR-WT-M’-‘N’-WSIAO ~ To Make Money – Train Audiences To Consume News In A Certain Way – Anxious – Pre-Pissed – Addicted To Conflict – To Bring A – Series Of Assumptions – Every Time – You – Open A Paper – Or – Turn On Your – Phone – TV – Or – Car Radio – Without Them – Most – “News” – Will Seem Illogical And Offensive

~ DASBTPPWATDITBBOTV? ~ Does Anyone Seriously Believe That Powerful People Would Allow Truly Dangerous Ideas To Be Broadcast On Tv?

~ TMOOPAS-MOOPDAROP-M-AVUOSIII ~ Though Most Of Our Problems Are Systemic – Most Of Our Public Debates Are Referendums On Personality – Meanwhile – A Vast Universe Of Systemic Issues Is Ignored

~ TNPID-BEA-L-L-C-NOWTS-B-TACTPAAP ~ There’s No Percentage In Doing – Big Exposes Against – Large – Litigious – Companies – Not Only Will They Sue – But – They Are Certain To Pull Ads As Punishment

~ WLES ~ We Like Easy Stories

~ TBNSTIAFAWTMRTHAT-EITTCHTTCTTP-MPA-S-B-A-B-A-MOU-BVONV-PTON-OALBOMD ~ The Best News Stories Take Issues And Find A Way To Make Readers Think Hard About Them – Especially Inviting Them To Consider How They Themselves Contribute To The Problem – Most Problems Are – Systemic – Bipartisan – And – Bureaucratic – And – Most Of Us – By Voting Or Not Voting – Paying Taxes Or Not – Own A Little Bit Of Most Disasters

~ BTE-2000-TV-HTTC-P-EATC-S-APPF-AGOVWHNCOPAAATMOSIC-YTEWOL-A-YFDOVA ~ By The Early – 2000s – TV – Had Learned To Cover – Politics – Exactly As They Covered – Sports – A Proven Profitable Format – A Generation Of Viewers Who Had No Conception Of Politics As An Activity That Might Or Should Involve Compromise – Your Team Either Won Or Lost – And – You Felt Devastated Or Vindicated Accordingly

~ T-EIEOO-EW ~ Today – Everyone Is Effectively An Op-Ed Writer

~ TAP-WNLES-E-DRAHOHO-‘S’-BOOTWWTOSITINNLSAAF-IAR ~ The Average Person – Will No Longer Even See – Ever – Derogatory Reporting About His Or Her Own – “Side” – Being Out Of Touch With What The Other Side Is Thinking Is Now No Longer Seen As A Fault – It’s A Requirement

~ MTCWTCOEUIJO ~ Making The Culture War The Center Of Everyone’s Universe Is Job One

~ TORITJMSU ~ The Other Route Is To Just Make Shit Up

~ RTNILS-TPCHAPNIOYH ~ Reading The News Is Like Smoking – This Product Can Have A Profound Negative Impact On Your Health

~ TN-IA-CP-PTTRT ~ The News – Is A – Consumer Product – Please Try To Remember This

~ TNTYA-RTT-AN-CAP-IT-FDOCM-TISOYPMABPOTCP ~ The Notion That You Are – Reading The Truth – And Not – Consuming A Product – Is The – First Deception Of Commercial Media – The Involuntary Surrender Of Your Personal Data May Also Be Part Of The Consumer Price

~ ATCAMMMTMYROW-TB-T-IGTKYGTTS ~ All The Commercial Actors Make More Money The More You Read Or Watch – The Business – Therefore – Is Geared Toward Keeping You Glued To The Screen

~ YDNTWTMN ~ You Don’t Need To Watch That Much News

~ STCOOP-A-MCGR-W-SAGMAMLFACOT-‘FD’-OTM-APP-TOCWBMAMAS-ITSMA-WCSYANB ~ Scare The Crap Out Of People – And – Media Companies Get Richer – While – State Agencies Get More And More License For Authoritarian Crackdowns On The – “Folk Devil” – Of The Moment – A Perfect Partnership – The Only Constant Will Be More And More Authoritarian Solutions – In The Social Media Age – We Can Scare You As Never Before

~ TP-TCHOC-TESOAPAE-TASASOSM-A-Z-ZBBTS ~ The Phoniness – The Constant Hyping Of Conflict – The Endless Stroking Of Audience Prejudices And Expectations – These All Started As Staples Of Sports Media – A – Zero-Sum Battle Between Two Sides

~ OA-S ~ Overrated Anchor-Schtick

~ C-DNJTB-LAS-B-IDFAPS-YMTSSITFFTUY-TTPONTHIALU-MBIR ~ Content – Designed Not Just To Be – Lurid And Sensational – But – Immediately Disquieting From A Psychological Standpoint – You’re Meant To See Something In The First Flash That Upsets You – To The Point Of Needing To Hang In At Least Until – Mental Balance Is Restored

~ ARBACWIDATTOIP ~ A Religion Becomes A Cult When It Doesn’t Allow The Testing Of Its Premises

~ NIWSP! ~ No Interacting With Suppressive Persons!

~ AATTB-O-L-A-TAASPVOTW ~ Audiences Are Trained To Be – Obedient – Loyal – And – To Accept A Simplified Partisan View Of The World

~ A-NC-CBAVFAPP-A-BABABT ~ A – News Channel – Can’t Be A Vehicle For – A – Political Party – And – Be Anything But – A – Bad Thing

CASS SUNSTEIN ~ INFOTOPIA ~ 2006

~ BTRATPCFTFT-WTI-IIETOTVAETCO-H-T-ACE-M-O-P ~ Both The Risk And The Promise Come From The Fact That – With The Internet – It Is Easy To Obtain The Views And Even The Collaboration Of – Hundreds – Thousands – And Conceivably Even – Millions – Of – People

~ E-L-MPCADSTIECOTOD-LTWE-UC-A-UE-B-ED-TI-AOEVEIIA-APLAGDFTDBOITOPH ~ Everyday – Like-Minded People Can And Do Sort Themselves Into Echo Chambers Of Their Own Design – Leading To Wild Errors – Undue Confidence – And – Unjustified Extremism – But – Every Day – The Internet – Also Offers Exceedingly Valuable Exercises In Information Aggregation – As People Learn A Great Deal From The Dispersed Bits Of Information That Other People Have

~ IC-CUIWWHOWWCAOWCAPU ~ Information Cocoons – Communications Universes In Which We Hear Only What We Choose And Only What Comforts And Pleases Us

~ ICBCFLAOTLI-IC-W-F-P-WESOV-B-MEATPOOC-FPAPI-CCTITN ~ It Can Be Comforting For Leaders And Others To Live In – Information Cocoons – Warm – Friendly – Places – Where Everyone Shares Our Views – But – Major Errors Are The Price Of Our Comfort – For Private And Public Institutions – Cocoons Can Turn Into Terrible Nightmares

~ DDALTBD?-OIDN-GMMIPOOA-LTEOTACOFRTT-‘G’-MWPUUADS-C-TFTCIAETROA ~ Does Deliberation Actually Lead To Better Decisions? – Often It Does Not – Group Members May Impose Pressures On One Another – Leading To Extremism Or To A Consensus On Falsehood Rather Than Truth – “Groupthink” – May Well Promote Unthinking Uniformity And Dangerous Self-Censorships – Thus Failing To Combine Information And Enlarge The Range Of Arguments

~ CGDBNISODBBOI-TPITDGODNOTKTTMAH ~ Countless Groups Do Badly Not In Spite Of Deliberation But Because Of It – The Problem Is That Deliberating Groups Often Do Not Obtain The Knowledge That Their Members Actually Have

~ TGLIT-PL-EATHL-OLIC-A-DPFLHTIS ~ The General Lesson Is That – Political Leaders – Even At The Highest Levels – Often Live In Cocoons – And – Deliberation Provides Far Less Help Than It Should

~ GOFPTASOP-TDNCBIAIE-TEIHBAOMATEOIHBAFOO-TFVTBOCE-I-DOFTAAGM ~ Groups Often Fall Prey To A Series Of Problems – They Do Not Correct But Instead Amplify Individual Errors – They Emphasize Information Held By All Or Most At The Expense Of Information Held By A Few Or One – They Fall Victim To Bandwagon Or Cascade Effects – Indeed – Deliberation Often Fails To Aggregate Among Group Members

~ AIH-TPPB-IPASI-AIAD-TIOMFJAMAP-NMJAF ~ As It Happens – The Problems Posed By – Informational Pressure And Social Influences – Apply In All Domains – They Infect Our Most Fundamental Judgments About Morality And Policy – Not Merely Judgments About Facts

~ TKP-IS-GWDBTI-A-BGBTLO-SLATCAM:MRIU-A-EPIMLTNTBC ~ The Key Point – Is That – Groups Will Do Better Than Individuals – And – Big Groups Better Than Little Ones – So Long As Two Conditions Are Met: Majority Rule Is Used – And – Each Person Is More Likely Than Not To Be Correct

~ FAOCW ~ Falsehoods Are Often Conventional Wisdom

~ ASBIOOADWCSPFTGA ~ A Systematic Bias In One Or Another Direction Will Create Serious Problems For The Group’s Answers

~ GMTTBALMCATJASWOA-AKEOGIIAGST-TPCIC-WONIAI ~ Group Members Tend To Become A Lot More Confident About Their Judgments After Speaking With One Another – A Key Effect Of Group Interaction Is A Greater Sense That – The Postdeliberation Conclusion Is Correct – Whether Or Not It Actually Is

~ MOTT-DGDQPAATITTMH-WMMGT-TOFTLNAMATM-RKIOIOD-AABIKIABAOMGMHAFGRTITIKBOOOAFGM ~ Much Of The Time – Deliberating Groups Do Quite Poorly At Aggregating The Information That Their Members Have – When Many Minds Get Together – They Often Fail To Learn Nearly As Much As They Might – Relevant Knowledge Is Often Ignored Or Downplayed – Above All Because Information Known In Advance By All Or Most Group Members Has A Far Greater Role Than Information That Is Known By Only One Of A Few Group Members

~ WSGDW-IIBPSWTT-B-WDG-TMNH-ETTVOOMLPTST-MPRDLBTSD-TDNWTLSORCT ~ When Statistical Groups Do Well – It Is Because People Say What They Think – But – With Deliberating Groups – This Might Not Happen – Exposure To The Views Of Others Might Lead People To Silence Themselves – Most People Really Don’t Like Being The Sole Dissenter – They Do Not Want To Look Stupid Or To Create Trouble

~ HP-TAUTGCOBDN-ACFOIA-A-TAATC ~ Hidden Profiles – The Accurate Understandings That Groups Could Obtain But Do Not – A Clear Failure Of Information Aggregation – And – They Are All Too Common

~ CKE-IHBAGMHFMIOGJTIHBOAFM ~ Common Knowledge Effect – Information Held By All Group Members Has Far More Influence On Group Judgments Than Information Held By Only A Few Members

~ GMTTBSMCATJAD-AEAF-B-CAEAABC ~ Group Members Tend To Be Significantly More Confident About Their Judgments After Discussion – An Especially Alarming Finding – Because – Confidence And Error Are A Bad Combination

~ TITGWAIOATTBLOTHAPLTETPHIADP-CPMHLIOTG ~ Those In The Group Who Are Inexperienced Or Are Thought To Be Low On The Hierarchy Are Particularly Loath To Emphasize Their Privately Held Information As Discussion Proceeds – Cognitively Peripheral Members Have Little Influence On The Group

~ IMDG-PWEUHITAOSR-ATKI ~ In Many Deliberating Groups – People Who Emphasize Uniquely Held Information Take An Obvious Social Risk – And They Know It

~ TDM-APCU-IWYCOTTAOTYL-PIATMP-IOGIA-BPITO ~ The Daily Me – A Personalized Communications Universe – In Which You Consult Only Those Topics And Opinions That You Like – Polarization Is All The More Probable – Instead Of Good Information Aggregation – Bad Polarization Is The Outcome

~ TFT-DIBCAU-WL-TSBPMI-TDHPSRTN ~ The Fact That – Deliberation Increase Both Confidence And Uniformity – Will Leave – The Strong But Potentially Misleading Impression – That Deliberation Has Produced Sense Rather Than Nonsense

~ MHTOFAF-A-PCBWO-B-AMCSIFROWIPAH-APMRHIADG-B-IAM-TWHI-UH-AIAPTMALOM-A-TALTETO ~ Markets Have Their Own Fads And Fashions – And – Prices Can Be Way Off – But – A Market Creates Strong Incentives For Revelation Of Whatever Information People Actually Hold – A Profile May Remain Hidden In A Deliberating Group – But – In A Market – Those With Hidden Information – Uniquely Held – Are In A Position To Make A Lot Of Money – And – They Are Likely To Exploit The Opportunity

~ TPA-O-TCPOEIORC-IOUPDBEGAF-IMC-TLNBTAE-BB-IPAATC-ABO-TSBOTTABS ~ Traditional Practices Are – Often – The Congealed Product Of Earlier Information Or Reputational Cascades – Inefficient Or Unjust Practices Defended By Entrenched Groups And Factions – In Many Cases – Traditions Last Not Because They Are Excellent – But Because – Influential People Are Averse To Change – And Because Of – The Sheer Burdens Of Transition To A Better State

NASSIM TALEB ~ THE TEN PRINCIPLES FOR A BLACK-SWAN-ROBUST SOCIETY ~ THE BLACK SWAN ~ 2017

~ WIFSBE-WISS-NSEB-TBTF ~ What Is Fragile Should Break Early – While It’s Still Small – Nothing Should Ever Become – Too Big To Fail

~ NSOLAPOG-TWOCAS ~ No Socialization Of Losses And Privatization Of Gains – The Worst Of Capitalism And Socialism

~ DLSMA-‘I’-B-MANP-O-YFR-NIWD-CIARAP-NJR ~ Don’t Let Someone Making An – “Incentive” – Bonus – Manage A Nuclear Plant – Or – Your Financial Risks – No Incentives Without Disincentives – Capitalism Is About Rewards And Punishments – Not Just Rewards

~ CCWS ~ Compensate Complexity With Simplicity

~ DNGCDS-EITCWAWL-CFPNTBBBNUT-A-FARETKI ~ Do Not Give Children Dynamite Sticks – Even If They Come With A Warning Label – Complex Financial Products Need To Be Banned Because Nobody Understands Them – And – Few Are Rational Enough To Know It

~ OPSSDOC-GSNNT-‘RC’ ~ Only Ponzi Schemes Should Depend On Confidence – Governments Should Never Need To – “Restore Confidence”

~ DNGAAMDIH[/S]HWP-TDCINATP-IASO-WNR ~ Do Not Give An Addict More Drugs If He[/She] Has Withdrawal Pains – The Debt Crisis Is Not A Temporary Problem – It’s A Structural One – We Need Rehab

~ CSNDOFAAAROV-A-SNROF-‘E’-AFTR-ELSBD ~ Citizens Should Not Depend On Financial Assets As A Repository Of Value – And – Should Not Rely On Fallible – “Expert” – Advice For Their Retirement – Economic Life Should Be Definancialized

~ MAOWBE-LUMVIAREBHWNTBBBOIO-PBWTB ~ Make An Omelet With Broken Eggs – Let Us Move Voluntarily Into A Robust Economy By Helping What Needs To Be Broken Break On Its Own – Putting Bankers Where They Belong

NASSIM TALEB ~ THE BLACK SWAN ~ 2017

~ IIOTTB-CDOA-B-WUC-‘CS’-AAT-PWT-TBIA ~ It Is One Thing To Be – Cosmetically Defiant Of Authority – By – Wearing Unconventional Clothes – “Cheap Signalling” – And Another To – Prove Willingness To – Translate Belief Into Action

~ THMSFTAAICICWH:TIOU-IAWTIMC(OR)TTR;TRD-HWCAMOATF;TOOFI-A-THOAALP ~ The Human Mind Suffers From Three Ailments As It Comes Into Contact With History: The Illusion Of Understanding – In A World That Is More Complicated (Or Random) Than They Realize; The Retrospective Distortion – How We Can Assess Matters Only After The Fact; The Overvaluation Of Factual Information – And – The Handicap Of Authoritative And Learned People

~ P-TDTCRICS ~ Platonicty – The Desire To Cut Reality Into Crisp Shapes

~ TPF-IWORORCTA-B-WDNKI ~ The Platonic Fold – Is Where Our Representation Of Reality Ceases To Apply – But – We Do Not Know It

~ IS-W-DRB ~ People In Suits – Who – Don’t Read Books

~ T:AF-TAE;TR-NTN ~ Today: A Few – Take Almost Everything; The Rest – Next To Nothing

TBSP:HCWKTF-GKOTP-O-MG-HCWFOPOT(I)UBOT(F)K-SHWITP-U-W-IUNLD-A-WWHLFTPTOTBAB-IOF-AW-VM ~ The Black Swan Problem: How Can We Know The Future – Given Knowledge Of The Past – Or – More Generally – How Can We Figure Out Properties Of The (Infinite) Unknown Based On The (Finite) Known – Something Has Worked In The Past – Until – Well – It Unexpectedly No Longer Does – And – What We Have Learned From The Past Turns Out To Be At Best – Irrelevant Or False – At Worse – Viciously Misleading

~ M-ANOOTP-AS-DOROTF-ITOAOC-OO-ITUTBS ~ Mistaking – A Naive Observation Of The Past – As Something – Definitive Or Representative Of The Future – Is The One And Only Cause – Of Our – Inability To Understand The Black Swan

~ WBMP-TGTB;WTAH-WPTC ~ When Bankers Make Profits – They Get The Benefits; When They Are Hurt – We Pay The Costs

~ ACTSB ~ Avoid Crossing The Street Blindfolded

~ CS! ~ Confirmation Shmonfirmation!

~ T-ITATKAS-FOSTA-O-FTTP-IAQDAOHN-T-D-S-OOR-OMOT-OI-DOTCIWTMIP-T-‘D’-OT-OOTE ~ The – Inability To Automatically Transfer Knowledge And Sophistication – From One Situation To Another – Or – From Theory To Practice – Is A Quite Disturbing Attribute Of Human Nature – The – Domain-Specificity – Of Our Reactions – Our Mode Of Thinking – Our Intuitions – Depend On The Context In Which The Matter Is Presented – The – “Domain” – Of The – Object Or The Event

~ AMM-NE-WHANTTLFITCOSAOVOTW-TIAAETF ~ A Mental Mechanism – Naive Empiricism – We Have A Natural Tendency To Look For Instance That Confirm Our Story And Our Vision Of The World – These Instances Are Always Easy To Find

~ MWTTCYTTSIUTS-BPOIWIPH-NTWIWAWOT-O-W-TNMATIASCOSOTTHUNOEMT ~ Mathematicians Will Try To Convince You That Their Science Is Useful To Society – By Pointing Out Instances Where It Proved Helpful – Not Those Where It Was A Waste Of Time – Or – Worse – Those Numerous Mathematical Applications That Inflicted A Severe Cost On Society Owing To The Highly Unempirical Nature Of Elegant Mathematical Theories

~ OYMIIW-ACVOTW-YWTTOCIPYTBR-P-TMIYH-TMJYWFIYV ~ Once Your Mind Is Inhabited With – A Certain View Of The World – You Will Tend To Only Consider Instances Proving You To Be Right – Paradoxically – The More Information You Have – The More Justified You Will Feel In Your Views

~ IWTBR ~ Information Wants To Be Reduced

~ U-A-TSPO-S-ITGTTT-NT-GYAFOOOMYFB ~ Unlike – Art – The Stated Purpose Of – Science – Is To Get To The Truth – Not To – Give You A Feeling Of Organization Or Make You Feel Better

~ WTTUKAT ~ We Tend To Use Knowledge As Therapy

~ WWTBTS-A-TINWWT-ETWSCMTWTSPCDOR ~ We Want To Be Told Stories – And – There Is Nothing Wrong With That – Except That We Should Check More Thoroughly Whether The Story Provides Consequential Distortions Of Reality

~ WDWA-BS-J-TWO ~ We Do Worry About – Black Swans – Just – The Wrong Ones

~ TWTA-TIO-TNF-ITF-EOS-EOH-A-CKOT ~ The Way To Avoid – The Ills Of – The Narrative Fallacy – Is To Favor – Experimentation Over Storytelling – Experience Over History – And – Clinical Knowledge Over Theories

~ LITAOH ~ Living In The Antechamber Of Hope

~ WASA-HIOP ~ We Are Social Animals – Hell Is Other People

~ LP-API-INTN ~ Linear Progression – A Platonic Idea – Is Not The Norm

~ BSDMOHH ~ Black Swans Dominate Much Of Human History

~ OOTAOABSIAAIC-EPON ~ One Of The Attributes Of A Black Swan Is An Asymmetry In Consequences – Either Positive Or Negative

~ BOBU ~ Bleed Or Blow Up

~ SE-PECTTNO-H ~ Silent Evidence – Pervades Everything Connected To The Notion Of – History

~ TUSAAWCT-WNTSTTPIF ~ To Understand Successes And Analyze What Caused Them – We Need To Study The Traits Present In Failures

~ WSTOAVC-N-TIALOO-YTUCCB-N-GA-MM ~ We See The Obvious And Visible Consequences – Not – The Invisible And Less Obvious Ones – Yet These Unseen Consequences Can Be – Nay – Generally Are – More Meaningful

~ TGOAMOSE:TIOS ~ The Gravest Of All Manifestations Of Silent Evidence: The Illusion Of Stability

~ TRPA:DNCO-FTVPOTWG-BF-ATWSITC ~ The Reference Point Argument: Do Not Compute Odds – From The Vantage Point Of The Winning Gambler – But From – All Those Who Started In The Cohort

~ OOS-OOM-WH-AN-EP-SOTA ~ Out Of Sight – Out Of Mind – We Harbor – A Natural – Even Physical – Scorn Of The Abstract

~ TLF:TAOTUWFIRLHLCTTSOWEIEAG ~ The Ludic Fallacy: The Attributes Of The Uncertainty We Face In Real Life Have Little Connection To The Sterilized Ones We Encounter In Exams And Games

~ TCOS-IP ~ The Club Of Single-Idea People

~ WN-C-RAUAA-WRWHH-IWCHH ~ We Need – Context – Randomness And Uncertainty Are Abstractions – We Respect What Has Happened – Ignoring What Could Have Happened

~ TYTSTDB-TSATE-P-N-N-ITRTOOUOTW ~ Train Yourself To Spot The Difference Between – The Sensational And The Empirical – Prediction – Not – Narration – Is The Real Test Of Our Understanding Of The World

~ TLTROTBS-THIWBFUTP-S ~ The Larger The Role Of The Black Swan – The Harder It Will Be For Us To Predict – Sorry

~ TES ~ The Empty Suit

~ YCIS-D-LOKADATQOYKCT-TSPTMYKLAMYSWYK ~ You Cannot Ignore Self-Delusion – Lack Of Knowledge And Delusion About The Quality Of Your Knowledge Come Together – The Same Process That Makes You Know Less Also Makes You Satisfied With Your Knowledge

~ T-‘AR’-D ~ The – “Almost Right” – Defense

~ T-TNOSOUOTPI ~ Tunnelling – The Neglect Of Sources Of Uncertainty Outside The Plan Itself

~ DCARIII(OA)FFD ~ Don’t Cross A River If It Is (On Average) Four Feet Deep

~ TOKEMTBBI ~ They Only Knew Enough Math To Be Blinded By It

~ TPCI ~ The Personal Crisis Industry

~ TWIOAAFU ~ The World Is Opaque And Appearances Fool Us

~ TM-WTTHIAOTAEOATBEWMT-TMWGIT ~ The More – We Try To Turn History Into Anything Other Than An Enumeration Of Accounts To Be Enjoyed With Minimal Theorizing – The More We Get Into Trouble

~ BAOTNEOMN ~ Be Aware Of The Numbing Effect Of Magic Numbers

~ IYHA-‘P’E-UTW-E-O-ND-DNAWH;JIH-O-TTPARDHS ~ If You Hear A – “Prominent” Economist – Using The World – Equilibrium – Or – Normal Distribution – Do Not Argue With Him; Just Ignore Him – Or – Try To Put A Rat Down His Shirt

~ WCTT-BS-I-GS-STS-RTSE ~ We Can Turn These – Black Swans – Into – Gray Swans – So To Speak – Reducing Their Surprise Effect

~ IPM-NTTT-EIDOS ~ I Promised Myself – Never To Teach Trash – Even If Dying Of Starvation

~ ASO ~ Academically Stamped Obscurantism

~ PWWAPIODCBDTS ~ People Who Worry About Pennies Instead Of Dollars Can Be Dangerous To Society

~ IIMDTBALIAGUSUY ~ It Is More Difficult To Be A Loser In A Game You Set Up Yourself

~ RTYAABS ~ Remember That You Are A Black Swan

~ A-TYFRMB ~ And – Thank You For Reading My Book

THOMAS FRANK ~ RENDEZVOUS WITH OBLIVION ~ 2018

~ TFSBF ~ The First Shall Be First

~ TIWASLLWTGTHITSTD ~ This Is What A Society Looks Like When The Glue That Holds It Together Starts To Dissolve

~ HINLSTIOTP;ISM-OEICTSAA ~ Human Intellect No Longer Served The Interests Of The Public; It Served Money – Or Else It Ceased To Serve At All

~ YCHASAJ-TOP-MTU-OIYAFCT-M-TOPS-TDTPISNAIW-TRABTG-TETFROT-A-BDATP ~ You Can Have A Shot At Joining – The One Percent – Money Tells Us – Only If You Are First Committed To – Making The One Percent Stronger – To Defending Their Piles In Some New And Imaginative Way – To Rationalizing And Burnishing Their Glory – To Exempting Them From Regulation Or Taxation – And – Bowing Down As They Pass

~ YCBACOR-O ~ You Can’t Build A Civilization On Rip-Offs

~ WNTRTBN-WNTT-SD-PA-A-GG-NTTGHDFTEB ~ We Need The Rich To Be Nice – We Need Them To – Stop Doodling – Pay Attention – And – Get Generous – Now That The Government Has Divested From The Empathy Business

~ ARTF-ASS-ADWD ~ A Refusal To Fawn – A Servility Strike – A Day Without Deference

~ TAOI ~ The Architecture Of Inequality

~ TAPTEMTBUU ~ Things And People That Existed Merely To Be Used Up

~ TESTNE ~ The Economic Slump That Never Ends

~ ‘HW’A-A’HL’-AMNITW-CME ~ “Hard Work” – And – An “Honest Living” – Actually Mean Nothing In This World – Capital Means Everything

~ SPDMBGCB:AOH0MPC-NPMTASW ~ Solemn Philosophical Declarations Made By Godlike Corporate Beings: Announcements Of High-Minded Public Concern – Noble Promise Made To A Suffering World

~ DYKWIA? ~ Do You Know Who I Am?

~ G-P-BB ~ Gold-Plated – Bureaucratic Buzzword

~ TSTF ~ Too Smart To Fail

~ OITGTSBGWAHOPABSIFTOB ~ Ours Is The Generation That Stood By Gawking While A Handful Of Parasites And Billionaires Smashed It For Their Own Benefit

~ WWD-ITTWUFTD ~ Whatever We Do – It’s Time To Wake Up From The Dream

~ DF ~ Debt Factory

~ TVCOTMC-CATNMOTFWETSDATBBTHOES-THPFTCOMAF-NWTE ~ The Very Cream Of The Meritocracy Crop – Count Among Their Number Many Of The Folks Who Engineered The Subprime Disaster And The Bank Bailouts That Haunt Our Economy Still – They Haven’t Paid For Those Crimes Of Misrepresentation And Fraud – Nor Will They Ever

~ O-RC-FILAET-SUIDAD-CFRW-B-A-IS-ISTAOTTPATB ~ Our Ruling Class – Flashing Its Legitimacy At Every Turn – Steers Us Into Disaster After Disaster – Cheering For Ruinous Wars – But – Accountability – It Seems – Is Something That Applies Only To The People At The Bottom

~ CC ~ Course Corrections

~ A-TW-O-DR-C-A-CR ~ A – Train Wreck – Of – Desperate Rationalizations – Cliches – And – Circular Reasoning

~ NTCI:WEBOESWE ~ Now Their Chant Is: We’re Experts Because Other Experts Say We’re Experts

~ IBEDMTGA ~ Ignoring Basic Economics Doesn’t Make Them Go Away

~ WDMOOIATWFWTHBTDBRAC-OEOIC ~ We Derive Much Of Our Information About The World From Websites That Have Blurred The Distinction Between Reporting And Commentary – Or Else Obliterated It Completely

~ WAWOCOSI? ~ Why Are Worshippers Of Competence Often So Incompetent?

~ NHWATF ~ Neoliberalism Has Well And Truly Failed

~ RWO ~ Rendezvous With Oblivion

~ ITA-OC-AB-NTM-AF-A-AC-A-EWTBL-IBWLMOTW ~ It Was All – Of Course – A Bubble – Not To Mention – A Fraud – And – A Con – And – Even While The Bubble Lasted – Its Benefits Were Lavished Mainly On The Wealthy

~ FOSW-A-ASFOM-DWE ~ Flat Or Sinking Wages – Are – A Standard Feature Of Modern-Day Western Economies