That's So Second Millennium

A solo episode from Paul. These are the notes I used... the audio is balanced differently. Insight by Bernard Lonergan and 20/20 hindsight. What else (besides the coronavirus and similar epidemics) are we not preparing for? Can we? We can't know all the unknowns, and it is somewhere between difficult and impossible to quantify the risks even for the things we can anticipate. Yet quantification is reasonable and laudable because individual lives do matter... the 1,000,001st victim of a tragedy just as much as the first. Problem areas: Education and the bureaucratic / engineering mentality "we already know everything we need to make a decision" and "let's do something to make it look like we're doing something." Finance and the herd mentality. Bullwhip chains of overreaction in the face of unknown risks. A reacts semi-rationally to the situation, B overreacts to A's reaction, C overreacts to B, etc. Federal forgiveness, however good in itself, has the side effect of blinding banks to their own internal inf