▶ Noam Chomsky on stupid people (Funny!!) - YouTube

▶ Noam Chomsky on stupid people (Funny!!) - YouTube

"If you want to look at stupid people, you
find them all over the place. For example, we happen to be in the
middle of a huge financial crisis. If you trace that back, a lot of it
comes from a fanatic religious belief in what's called the
“efficient market hypothesis”. Pure fanaticism dominated the economics
profession, dominated the Federal Reserve. The one consequence was
that when an $8 trillion housing bubble developed, totally unrelated to
any fundamentals, completely off the 100-year history of housing prices,
the profession and the Fed, the central bank, said it's not necessary
to pay attention, because there are efficient markets. I mean, is that
very different from “God promised Noah”?"

-- Noam Chomsky

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