Another month has passed and here is a new rationality quotes thread. The usual rules are:
- Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
- Do not quote yourself.
- Do not quote from Less Wrong itself, HPMoR, Eliezer Yudkowsky, or Robin Hanson. If you'd like to revive an old quote from one of those sources, please do so here.
- No more than 5 quotes per person per monthly thread, please.
I'm downvoting this quote. Read at a basic level, it supports a particular economic theory rather than a larger point of rationality.
For the record, the Austrian Business Cycle Theory is not generally accepted by mainstream economists. This isn't the place to discuss why, and it isn't the place to give ABCT the illusion of a "rational" stamp of approval.
I read it as an extension of Gendlin; the damage comes from living in the untrue world, not from the realization that the untruth is untrue, even if the second is much more visible.