▶ 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 

 https://www.youtube.com/watch?feature=player_detailpage&v=Gm0YMZE_1QQ