The over optimism bias can counter the negativety bias at times when need that. The economic collapse because ofy shutting down the economy is a form of war, he says. We're going to stop with all these government efforts only after the pandemic is over and i think we should just view view it and view it as if we're at war. But i think this is not the time to ease up on efforts.
In episode 162 of The Michael Shermer Show, Michael speaks with one of the nation’s preeminent experts on economic policy, Benjamin Friedman, about his new book Religion and the Rise of Capitalism — a major reassessment of the foundations of modern economic thinking that explores the profound influence of an until-now unrecognized force — religion.
Critics of contemporary economics complain that belief in free markets — among economists as well as many ordinary citizens — is a form of religion. And, it turns out, that in a deeper, more historically grounded sense there is something to that idea. Contrary to the conventional historical view of economics as an entirely secular product of the Enlightenment, Benjamin Friedman demonstrates that religion exerted a powerful influence from the outset.