Bullshit Quote by Matt Taibbi
“Greenspan's eventual explanation for the growing gap between stock prices and actual productivity was that, fortuitously, the laws of nature had changed -- humanity had reached a happy stage of history where bullshit could be used as rocket fuel.”
About This Quote
Source Book: “The Divide” (2022), commentary on economics
The widening gap between stock valuations and real productivity is blamed on a cultural shift where misinformation fuels market hype.
In simple terms: Markets inflate due to hype, not real output.
Key Takeaway
Scrutinize hype before investing.
Themes
economics
valuation
productivity
misinformation
market dynamics
Mood
cautious
analytical
Type
economic
critical
When to use this quote
- investment decisions
- financial education
- policy debates
- media literacy
Key Concepts
financial bubbles
cultural narratives
risk assessment
economic policy
Questions to Reflect On
- What mechanisms can curb market speculation?
- How does misinformation shape economic policy?
A Different Perspective
Overemphasis on hype can ignore underlying structural issues.
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![“The Congressional Record will forever show that [Obamacare] was passed in a romper room of overgrown children seemingly barely old enough to keep from peeing on themselves.” quote by Matt Taibbi](https://sms4smile.com/quotes/img-quotes/a38/matt-taibbi-2257_children_the-congressional-record-will-forever-sh_26786.jpg)
![“I wouldn't mind gigging around the same era as Jesus, after he gives his speech about the meek and how blessed they are and all that type of bullshit, going up there and doing a flat 20 [minutes]. I reckon I'd have better stagecraft and presence than Jesus. Yea, I'm a better stand-up comedian than…” quote by Jim Jefferies](https://sms4smile.com/quotes/img-quotes/0fb/jim-jefferies-8092_blessed_i-wouldn-t-mind-gigging-around-the-same_24477.jpg)
