“I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake, which is that deregulation works fine in industries which do not pervade the economy. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.” PeopleIfsMadeSaidRunningMistakeEconomyHappenedMovementFineIndustrySmartFundamentalsFinancialAppearanceCreditCollapseFreezeViewpointsBankruptcySmart PeopleDeregulation Author:Richard Posner
“The confidentiality of the judicial process would not matter greatly to an understanding and evaluation of the legal system if the consequences of judicial behavior could be readily determined. If you can determine the ripeness of a cantaloupe by squeezing or smelling it, you don't have to worry about the produce clerk's mental processes.” IfsMatterProcessUnderstandingWorryProduceBehaviorConsequenceDetermineDeterminedJudicialEvaluationClerksLegal SystemSqueezingRipenessConfidentiality Author:Richard Posner
“A diversity of approaches is necessary if there is to be a good chance of hitting on one that works. Progress is a social undertaking & achievement, because people see things differently” PeopleIfsSocialChanceProgressAchievementDiversityApproachEconomicsHittingUndertakingsGood Chance Author:Richard Posner
“If belief in the existence of God is predicted to lead to a feeling of contentment, and the prediction is fulfilled, does it follow that God exists? Surely not. All that would follow would be the desireability of the belief.” IfsDoeFeelingsWould BeSpiritualScienceBeliefExistenceAtheistContentmentFulfilledAgnosticPredictionsGod ExistsExistence Of God Author:Richard Posner
