Silver as an investment

‘The Intellectual Yet Idiot’ by Nassim Nicholas Taleb

libertyblitzkrieg.com / Michael Krieger | Posted at 1:54 pm

In particular, they all (totalitarian systems) seem to have in common an intense dislike of the more abstract forms of thought –a dislike characteristically also shown by many of the collectivists among our scientists.

– From my 2010 review of F.A. Hayek’s The Road to Serfdom

The following is an excellent takedown of the so-called “elite,” the status quo, whatever you want to call them. We all know the type. It’s the self-assured people who constantly get things wrong, constantly screw up on issues of national significance and yet somehow never face any consequences or accountability for their actions.

Here’s the meat of the piece, originally published at Medium:

What we have been seeing worldwide, from India to the UK to the US, is the rebellion against the inner circle of no-skin-in-the-game policymaking “clerks” and journalists-insiders, that class of paternalistic semi-intellectual experts with some Ivy league, Oxford-Cambridge, or similar label-driven education who are telling the rest of us 1) what to do, 2) what to eat, 3) how to speak, 4) how to think… and 5) who to vote for.

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