Do we have the capability to eliminate booms and busts in economic activity? The answer in my judgment is no, because there is no tool to change human nature. Too often people are prone to recurring bouts of optimism and pessimism.
December 10, 2010
In the process of learning screenplay writing, I came upon this old Jewish proverb: “We see the world not as it is, but as we are.” In effect, one’s particular viewpoint becomes a prism through which we judge everything ... the opposite of an open mind. Unfortunately, we often make this worse by surrounding ourselves with...