All excerpts are quoted from the respective link(s).
- Unemployment: Great Depression vs Great Recession « Visualizing Economics – I created this infographic to compare the unemployment rate over the last 18 months to the Great Depression.
- The psychology of overconfidence : The New Yorker – Cohen and Gooch ascribe the disaster at Gallipoli to a failure to adapt—a failure to take into account how reality did not conform to their expectations. And behind that failure to adapt was a deeply psychological problem: the British simply couldn’t wrap their heads around the fact that they might have to adapt. “Let me bring my lads face to face with Turks in the open field,” Hamilton wrote in his diary before the attack. “We must beat them every time because British volunteer soldiers are superior individuals to Anatolians, Syrians or Arabs and are animated with a superior ideal and an equal joy in battle.”
