Miscellany
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Email tool SaneBox is amazing, and worth every penny it costs

Email tool SaneBox is amazing, and worth every penny it costs | Miscellany | Scoop.it
Email is one of the most broken, and yet critically important components of our lives. Email is also a slow evolving tool. Hotmail is more than 15 years old, and yet email is roughly ...
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Your Fruits and Vegetables Can Tell Day from Night—and Even Get Jet Lag

Your Fruits and Vegetables Can Tell Day from Night—and Even Get Jet Lag | Miscellany | Scoop.it
New science shows that cabbage, carrots and blueberries experience circadian rhythms, with potential consequences for nutrition
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Will reading make you rich?

Will reading make you rich? | Miscellany | Scoop.it
Researchers claim reading fiction bestows marketable skills. That's not really what it's for ...
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Creativity and Imagination: Gregg Fraley at TEDxStormont

Creativity and Imagination: Gregg Fraley at TEDxStormont | Miscellany | Scoop.it
Gregg Fraley is an American writer, speaker, and consultant in the area of innovation and commercial creativity. He was named a Distinguished Leader by the C...
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This novel is why your geeky friends rave about Neil Gaiman

This novel is why your geeky friends rave about Neil Gaiman | Miscellany | Scoop.it
The Ocean at the End of the Lane captures the full flavour of childhood, and the lingering, bittersweet pain of its loss
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How New Fonts Are Helping Dyslexics Read and Making Roads Safer

How New Fonts Are Helping Dyslexics Read and Making Roads Safer | Miscellany | Scoop.it
The right font can be appealing, but please don't take this as an excuse to use Comic Sans
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oftwominds-Charles Hugh Smith: Artificial Abundance, Moral Hazard and the Federal Reserve's Doomsday Machine

oftwominds-Charles Hugh Smith: Artificial Abundance, Moral Hazard and the Federal Reserve's Doomsday Machine | Miscellany | Scoop.it

A loss of faith in key institutions cannot be fixed with more cheap credit or subsidized mortgages.


Today's topic is important but a bit tricky; you may want to refill your beverage container before buckling in.
Moral hazard is the separation of risk from consequence. A person who knows they won't suffer the consequences of a risky bet gone bad will behave quite differently from a person who knows the full consequences of a risky bet gone bad will fall on them.

A person who is insulated from risk will have an insatiable appetite for risky bets because any gains will be theirs to keep but any losses will be covered by someone else--for example, the Federal Reserve or taxpayers.

Correspondent Jeff N. recently alerted me to the equivalence of the perception of abundance and moral hazard. Jeff was responding to An Abundance of Bad Decisions(June 13, 2013), which noted that decisions made in the euphoria of abundance were generally bad because they were based on 1) projecting the good times would last for the indefinite future and 2) the Status Quo, having delivered abundance, was working fine and should not be challenged or changed.

As a result, both critical thinking and innovation atrophy, as neither are needed in times of abundance. Indeed, they pose an active threat to the Status Quo and are thus marginalized or suppressed. ...


Via Hal
thepoliceprofessional.com's insight:

I wonder what Ayn Rand would say?

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Hal's curator insight, June 21, 2013 1:09 PM

Another must read. Click through.

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My Secret to Reading a Lot of Books - Lifehacker

My Secret to Reading a Lot of Books - Lifehacker | Miscellany | Scoop.it
My girlfriend says I have a thing for books. I probably spend more money on books than any other expense, aside from food. Walking into a bookstore with a good selection makes me want to rent a truck and haul their entire ...
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Innovation is 1 per cent inspiration, 99 per cent perspiration

Innovation is 1 per cent inspiration, 99 per cent perspiration | Miscellany | Scoop.it
As new ideas are generated, perseverance is knowing when to press on and when to slow down
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