Now That I'm Enlightened I Expect To Be Just As Ignorant As Ever Dept.

High Fallutin' Nazis - NYTimes.com

[What Ken Langone, founder of The Home Depot, is raging against is] the idea that understanding economics, as opposed to other issues, might involve some kind of special expertise. This is an all too common problem with the wealthy, and maybe especially among self-made men: they think that their personal financial success means that they understand the economic system, and bristle at the notion that macroeconomics may be more than the sum of individual busine...