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Monday
Jul122010

JFK on conventional wisdom

DateMonday, July 12, 2010 at 12:28PM

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.

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