Here are 2 troubling stories from opposite corners of the internet…and they are related in a way which is worth addressing.

The first concerns the new addition to the Federal Reserve Board, Marvin Goodfriend.  Goodfriend is a famous hyperinflation phobic.  He believes that quantitative easing (or any sort of monetary stimulus) in the American economy will cause the worth of money to deteriorate in one of those nightmarish economic breakdowns familiar to residents of Zimbabwe or the Weimar Republic.  This concept has been substantially debunked both by economic theorists with slide-rulers and by the real-world example of Japan which stagnated for decades thanks to thinkers like Dr. Goodfriend.  Yet Goodfriend obdurately refuses to admit any error in his models.


“I solemnly swear I am up to no good”

Of course, it is possible that Goodfriend is a bad person who wishes for society to fail (his surname is suspiciously similar to what some shapeshifting demon might choose to best beguile foolish mortals), but the point of this post is not to castigate this one reactionary central banker.  We are using him as an example of a bigger problem which humans have.

The second story involves the horrifying story of the crazy Turpin parents who had 13 children whom they shackled, abused, and tortured for decades in private. The younger cohort of these pitiable children were “home schooled”, but the eldest child did attend public school where her classmates recall her as a sad awkward child who smelled funny, was smaller than everyone, and always wore the same threadbare purple outfit.  As you might imagine, if you ever were a child, these haunting peculiarities did not cause her classmates to ask what was wrong (indeed all of society failed to ask that germane question for 20 years), instead she was mercilessly picked on, taunted, and abused. Although the run-of-the-mill sadists of grade school probably didn’t register compared to the world class sadists who were her birth parents.  We know this about the little girl’s childhood because one of her classmates remembered her–and remembered picking on her and taunting her and wrote a heartfelt essay about it.  The internet has mercilessly jumped on this guy with wild abandon.  He has made himself a target of all sorts of anger and attacks.  It seems unlikely that a third-grader could have changed much: his admissions were brave and have aided the public discourse about what is clearly a deeper problem.  Yet in zeal to express their righteous anger over a social failing people have piled onto him.


Primates have a weakness.  If any individual backs down they lose their status.  In the human world this means that those who admit failure or wrongdoing, are shunned and detested. This would seem to have a certain cruel logic, and yet the world is bewilderingly complex.  As one tries to impress one’s fellow primates, it is easy to make mistakes (like picking on a classmate or choosing an economic model which inflicts maximum damage to workers). If a person admits they are wrong, they give up much of their social status–the real cheese at the heart of our rat’s maze society.  But if we can’t admit to these mistakes and learn from them and change then all society worsens.

I picked on Goodfriend because he is in the news and because he will undoubtedly deepen the next economic crisis, which could be right around the corner (and because picking on people is a cheap way to gain status) but I could have chosen unrepentant & willfully ignorant characters much closer to the top of society. A certain president, for example, has never admitted he was/is/will continue to be wrong.  His ironclad refusal to ever admit mistakes in any realm seems to be one of the chief sources of his power–although punitive/ reactionary economic models and ruthlessly picking on the weak seem to help him too. There is a reason I chose these examples!

But we don’t want to get off track. We want to compare the person who was heckled by the entire internet for thoughtfully admitting a mistake made as a child versus a retrogressive hack who has ascended to craft world monetary policy precisely because he never addressed well-known problems with his worldview.  There is clearly every reason to never admit you are wrong!

If we can’t figure out what is wrong, we can’t fix things without solving a baffling puzzle, and then facing off in the court of public opinion against all of the people who obdurately refuse to admit or even see the truth because it would diminish their cachet.

That situation seems to in fact be where we all are. It is a paradox that those who never admit mistakes are given precedence over those who learn from their errors.  It is a mistake we are all making and we need to rectify it.  Except for me of course…I am a cunning essayist above such things.