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
