It’s time to demand that the faithful keep their personal choices, preferences and beliefs in irrational and sometimes dangerous things strictly private. Everyone is absolutely free to believe what they want, provided they do not harass others (or force, or kill them) .. But nobody has the right to insist on privileges simply because they are supporters of one or other of the world’s many religions.”From: “Gesels van een imaginaire god”(‘Scourges of an imaginary god’)
Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
How do we know when irrational exuberance has unduly escalated asset values?
When fear displaces reason, the result is often irrational hatred and division.
The traits the word ‘childish’ addresses are seen so often in adults that we should abolish this age-discriminatory word when it comes to criticizing behavior associated with irresponsibility and irrational thinking.
I was angry with myself because I still loved her, or at least I loved that dream of our togetherness. My feelings were unreasonable, irrational, and I couldn’t change them. That hurt.
Arithmetic starts with the integers and proceeds by successively enlarging the number system by rational and negative numbers, irrational numbers, etc… But the next quite logical step after the reals, namely the introduction of infinitesimals, has simply been omitted. I think, in coming centuries it will be considered a great oddity in the history of mathematics that the first exact theory of infinitesimals was developed 300 years after the invention of the differential calculus.
I knew all the time I was going to get through the war. It was completely irrational, a silly idea, but I was not going to lie down and get myself killed. I was going to get out of it.
The fact that logic cannot satisfy us awakens an almost insatiable hunger for the irrational.