In response to:

Prophets and Losses: Part II

Tacitus X Wrote: Feb 06, 2013 7:00 AM
One needs to distinguish between intelligence and wisdom. Intelligence is a capacity or aptitude. Wisdom is knowledge of the truth. Those with high IQs but lacking wisdom often persist in error because they're very good at coming up with rationalizations for their errors. Add arrogance to the equation and you also have someone emotionally incapable of admitting error. Does this description sound familiar?
BSsifter Wrote: Feb 06, 2013 3:36 PM
I have always called them educated idiots. I grew up in a college town. Some of the professers I met had little or no common sense. I wondered how they got along in life day to day. Then I realized they are in a bubble all day and have no clue what the real world is like.
Younger Wrote: Feb 06, 2013 11:09 AM
"Wisdom calls aloud in the street, she raises her voice in the public Squares;"--Proverbs 1:20. Wisdom says, "but if whoever listens to me will live in safety and be at ease, without fear of harm."-Proverbs 20:33 The verses inbetween are all words of Wisdom.
Dan107 Wrote: Feb 06, 2013 9:21 AM
Yes. It does sound familiar. It sounds like Harvard University graduates.
meowbius Wrote: Feb 06, 2013 10:09 AM
It also sounds like narcissism, which, coincidentally, seized to be a psychiatric diagnosis, became a new normal, and is to removed from DSM V.
Dick 2992 Wrote: Feb 06, 2013 9:59 PM

Editor's Note: This column is part II in a series. Part I can be found here.

People on both sides of tax issues often speak of such things as a "$300 billion tax increase" or a "$500 billion tax decrease." That is fine if they are looking back at something that has already happened. But it can be sheer nonsense if they are talking about a proposed increase or decrease in the tax rate.

The government can only raise or lower the tax rate. Whether the actual tax revenues that the government will collect as a result will go up or...