The Conversation U.S.<p>People are captivated by the <a href="https://newsie.social/tags/hottake" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>hottake</span></a>, the <a href="https://newsie.social/tags/callout" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>callout</span></a>, the <a href="https://newsie.social/tags/clapback" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>clapback</span></a>, the immediate verdict. But responsible political judgment requires reflection, and reflection takes time. <a href="https://buff.ly/3DJgxEW" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">buff.ly/3DJgxEW</span><span class="invisible"></span></a> <a href="https://newsie.social/tags/politics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>politics</span></a> <a href="https://newsie.social/tags/groupthink" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>groupthink</span></a></p>
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#groupthink
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Nonilex<p>“‘while allowing <a href="https://masto.ai/tags/theFed" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>theFed</span></a> the flexibility to unwisely expand its remit into inherently <a href="https://masto.ai/tags/political" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>political</span></a> areas such as <a href="https://masto.ai/tags/credit" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>credit</span></a> rationing & <a href="https://masto.ai/tags/banking" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>banking</span></a> <a href="https://masto.ai/tags/regulation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>regulation</span></a>.’ Here is <a href="https://masto.ai/tags/groupthink" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>groupthink</span></a>: ‘Despite the biggest <a href="https://masto.ai/tags/monetary" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>monetary</span></a> errors in 4 decades,’ Katz & Miran write, none of the 9 recent appointees to the Board of Governors was on record as having made accurate predictions about <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>inflation</span></a>’s path.</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/policy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>policy</span></a></p>
Nonilex<p>“Even if evidence indicated <a href="https://masto.ai/tags/theFed" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>theFed</span></a> capable of such precision (evidence does not), Joseph C. Sternberg’s question in the WSJ is apposite: ‘Who elected these folks to aim for a 50% loss in purchasing power of a <a href="https://masto.ai/tags/dollar" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>dollar</span></a> every 35yrs?’<br>
“In a recent rpt, the Manhattan Inst’s Dan Katz & Stephen Miran argue that ‘the Fed’s current governance has facilitated <a href="https://masto.ai/tags/groupthink" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>groupthink</span></a> that has led to significant <a href="https://masto.ai/tags/monetary" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>monetary</span></a> <a href="https://masto.ai/tags/policy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>policy</span></a> errors</p><p><a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>inflation</span></a></p>
Nonilex<p>from George F. Will:</p><p>“…The <a href="https://masto.ai/tags/FederalReserve" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FederalReserve</span></a> was instrumental in igniting <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>inflation</span></a> w/too-cheap <a href="https://masto.ai/tags/money" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>money</span></a> for too long, & then was serene about inflation’s supposedly ‘transitory’ nature. In 2012, <a href="https://masto.ai/tags/theFed" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>theFed</span></a> announced its hubristic plan to achieve its aspiration of exactly 2% inflation.<br>
<a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/credit" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>credit</span></a> <a href="https://masto.ai/tags/banking" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>banking</span></a> <a href="https://masto.ai/tags/regulation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>regulation</span></a> <a href="https://masto.ai/tags/monetary" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>monetary</span></a> <a href="https://masto.ai/tags/policy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>policy</span></a> <a href="https://masto.ai/tags/political" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>political</span></a> <a href="https://masto.ai/tags/groupthink" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>groupthink</span></a> <br><a href="https://www.washingtonpost.com/opinions/2024/04/17/federal-deficit-and-inflation-danger/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">washingtonpost.com/opinions/20</span><span class="invisible">24/04/17/federal-deficit-and-inflation-danger/</span></a></p>
Yoshimatsu ✅🇺🇸 🇺🇦<p><span class="h-card" translate="no"><a href="https://press.coop/@NPR" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>NPR</span></a></span> Hate to say it but among older <a href="https://toot.community/tags/Asians" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Asians</span></a>, <a href="https://toot.community/tags/groupthink" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>groupthink</span></a> is the norm. No one is allowed or encouraged to think "outside the box" so <a href="https://toot.community/tags/voting" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>voting</span></a> is futile. Among Japanese (and I suspect other Asian cultures) the party line is "shigata-ga nai" (can't be helped) or, colloquially, "shit happens." <a href="https://toot.community/tags/Asians" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Asians</span></a> invented, "go along to get along." That's why I've never fit in with other Asians.</p>
Coach Pāṇini ®<p>“The existence of the group mind is why our current culture is steeped in nostalgia: we are unconsciously pining for a world in which we were alone in our own heads.”</p><p><a href="https://mastodon.world/tags/history" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>history</span></a> <a href="https://mastodon.world/tags/GroupThink" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GroupThink</span></a> <a href="https://mastodon.world/tags/HiveMind" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>HiveMind</span></a> <a href="https://mastodon.world/tags/nostalgia" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>nostalgia</span></a> <a href="https://mastodon.world/tags/culture" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>culture</span></a> <a href="https://mastodon.world/tags/mindfulness" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mindfulness</span></a></p>
Coach Pāṇini ®<p>“This change to what <a href="https://mastodon.world/tags/Hegel" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Hegel</span></a> would call our <a href="https://mastodon.world/tags/phenomenology" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>phenomenology</span></a> is why in an altercation people will now reflexively pull out their phones to record, holding it in front like a shield. They are saying: remember the group mind! Remember it! I’ll put you in front of it! I’ll burn you up in its gaze!”</p><p><a href="https://mastodon.world/tags/panopticon" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>panopticon</span></a> <a href="https://mastodon.world/tags/history" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>history</span></a> <a href="https://mastodon.world/tags/SurveillanceCapitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SurveillanceCapitalism</span></a> <a href="https://mastodon.world/tags/GroupThink" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GroupThink</span></a> <a href="https://mastodon.world/tags/HiveMind" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>HiveMind</span></a></p>
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