Well....pic.twitter.com/GlxwbTYYWM
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I think the Dunning-Kruger effect should be rebranded to the Trump-effect...
I hate to say it but it’s a great example of Taleb’s point (not a fan of him generally). We are not “black swan robust”. And while individual events such as this are uncommon, and low probability, in aggregate, they’re common! This is a crisis born from layers of carelessness.
I mean, he was voted in on these traits. A sufficient amount of people decided the way things were wasn't doing it for them, so they wanted someone giving the finger to the status quo. That's why the incompetence doesn't matter, he's SUPPOSED to break everything.
A month ago I was about 75% sure he was going to be reelected. Now, with the stock market crashing, businesses losing billions, and things looking more and more like a bad recession is coming, I’m not so sure, given that his botched response will obviously make thinks much worse.
This goes deeper than just Trump. 40 years of know nothingism, lead by wingnuts, got us here.
Their expectations were bounded by their cognitive incapability.
Some of protested this guy, back in the 80's when he was gentrifying Manhattan! The corporate media did not cover any of that!
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