"It is easy to confuse what is with what ought to be, especially when what is has worked out in your favor."
- Tyrion Lannister

"Lannister. Baratheon. Stark. Tyrell. They're all just spokes on a wheel. This one's on top, then that's ones on top and on and on it spins, crushing those on the ground. I'm not going to stop the wheel. I'm going to break the wheel."

- Daenerys Targaryen

"The Lord of Light wants his enemies burned. The Drowned God wants them drowned. Why are all the gods such vicious cunts? Where's the God of Tits and Wine?"

- Tyrion Lannister

"The common people pray for rain, healthy children, and a summer that never ends. It is no matter to them if the high lords play their game of thrones, so long as they are left in peace. They never are."

- Jorah Mormont

"These bad people are what I'm good at. Out talking them. Out thinking them."

- Tyrion Lannister

"What happened? I think fundamentals were trumped by mechanics and, to a lesser extent, by demographics."

- Michael Barone

"If you want to know what God thinks of money, just look at the people he gave it to."
- Dorothy Parker

Tuesday, October 15, 2013

Shiller wins Nobel Prize

Inefficient Markets: A Nobel for Shiller (and Fama) by John Cassidy
Nobody could say Chicago School economists aren’t resourceful, especially when it comes to defending their world view against attack. The Nobel committee, in recognizing yet another one of them at the same time it was honoring one of their most effective critics, was perhaps enjoying an inside joke. Or maybe it was displaying a newfound and welcome willingness to countenance rival and mutually contradictory views. Or, possibly, its members are suffering from cognitive dissonance. Whatever the explanation, the 2013 prize represents progress, of a sort.

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