Mark-My-Beliefs to Market Time

There is a danger in this business. If you don't mark your beliefs to market occasionally, and throw out worthless intellectual trash, you ossify--you become one of those demented old coots detached from reality ranting unintelligibly at the moon.

I was reminded of this recently as the intelligent, thoughtful, patient, and polite Nick Rowe suddenly turned... shrill:

Nick Rowe Loses It: Oh Christ. Oh Christ. Oh Christ. SW interprets Kocherlakota the same way I do, and thinks he’s right...