If you hear a 'prominent' economist using the word 'equilibrium', or 'normal distribution', do not argue with him; just ignore him.
Black Swan theory
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"The difference between the rich and the poor is that the rich don't work for money—they make money work for them."
Strange & Unusual"Business folk are all scoundrels."
Humorous"Karl Marx, a visionary, figured out that you can control a slave much better by convincing him he is an employee."
Humorous"The more data you have, the more likely you are to find spurious correlations."
Controversial"So long as you see the picture of Larry Summers going to Davos, you have to stay short U.S. Treasuries for another year. It means they [the Obama administration] don't know what's going on."
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