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Old 03-08-2013, 02:06 PM   #51
houghtam
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Join Date: Jul 2006
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Quote:
Originally Posted by BroncoBeavis View Post
Which is synonymous. 5 or 10 or 100 'experts' locked in a room planning things will never accomplish what the free market does. It ties into how people think humanity is getting smarter. It's not. In many ways we're less intelligent. We're just able to collectivize ideas like never before.

And that approach applies to our markets more than almost anything else (especially in an information age). It's not about picking the right experts to 'fix' things. It's about relying on 'experts' (in a control context) as rarely as possible.
Collectivizing ideas is intelligence.
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