What’s most significant about September 11th ten years on I think is the illusion that it created of the end of politics. By the end of politics I mean the notion that force could rule. That terror could effectively…be sufficient for power. And this was an illusion I think that was recognizable at the time of September 11th but almost impossible to say. Almost impossible to say because of a variety of conditions of the dramatic nature of the event, and also of the forces of power that are arraigned with it.
The Conversation #4 — Colin Camerer
presented by Aengus Anderson, Colin Camerer, Micah Saul
We know very little about complex financial systems and how systemic risk, as it's called, is computed and how you would manage policies. And if you look back at the financial crisis, you can either say, as many economists do, "It all had to do with badly-designed rules," which may be part of the story; it's certainly part of the story. Or it may have to do with the interaction of those rules and human nature, like mortgage broker greed, optimism… And you see it not just in individuals who now have houses and foreclosure, but at the highest levels. Read more →