Tom Bodri
About
Host of Palisades Gold Radio, moderator and interviewer in this podcast
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Claims by Tom Bodri (20 of 28)
Complex adaptive systems have the property that making one small change creates cascading effects that can destroy systems accidentally through chaos theory—this describes current geopolitical situation where tinkering with monetary/trade systems risks catastrophic unintended consequences.
Human nature makes it psychologically difficult to hold two competing ideas simultaneously, making people prone to seeking confirmatory information and avoiding disconfirming perspectives, yet the modern information environment makes this intellectual discipline more valuable than ever.
Political and economic power has been consolidated into an unaccountable 'ivory tower' of economists and technocrats who believe they can 'micromanage each action and response of 7 billion people,' leading to worse outcomes because complex adaptive systems cannot be centrally controlled.
Giving all power to an ivory tower bureaucracy to micromanage the actions and responses of 7 billion people assumes they either know better or understand the system better than those 7 billion people, which history shows is a fool's errand—every big manipulation ends up making things worse.
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