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Wishful thinking about real estate and biofuel

April 16th, 2008 by Klintron

I wrote a blog entry over at Klintron’s Brain that went from being a couple hundred words to basically a full length article:

Two economic crises face the world today: the credit crunch resulting from the subprime mortgage crisis, and the food prices crisis precipitated by the demand for biofuels. Both are problems we should have identified and solved years ago, but didn’t. Why did we ignore the warning signs and allow ourselves to be hoodwinked into this mess? I believe they both relate to our tendency for wishful thinking.

Full Story: Klintron’s Brain.

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