On Nov 8, 2006, at 12:14 PM, Chuck wrote:
> What gets me is that people can witness countless elections and the
> ongoing shittiness of politics and still have faith in the system.
People overvalue new information at the expense of what they've known for a long time. That's really visible in the financial markets, where the same thing happens over & over again (e.g. speculative bubbles), but there's always a reason why "this time it's different."
Doug