« No living American has experienced unemployment even nearly as bad as now. | Main | America has an industrial policy. Should we change it? »

JFK on conventional wisdom

Yves Smith begins the Introduction to her 2010 book ECONned: How Unenlightened Self Interest Damaged Democracy and Corrupted Capitalizm with this quotation, attributed to John F. Kennedy:

The great enemy of the truth is very often not the lie—deliberate, contrived, and dishonest—but the myth, persistent, persuasive, and unrealistic. Belief in myths allows the comfort of opinion without the discomfort of thought.

I haven't read the book yet, but from skimming the Introduction online it appears her reasons for writing are very much the same as mine. Yves is ex-Goldman, ex-McKinsey, ex-Sumitomo, and has worked 25 years in financial services.  I follow her excellent blog Naked Capitalism.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>