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Accountable to Darwin vs. Accountable to Newton

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Content provided by Morgan Housel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Morgan Housel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Woodrow Wilson was the only president with a Ph.D. in political science.

He came to office having thought more about how a government functions than most before him or since.

One of his complaints was that too many people in government held the belief that it was a Big Machine: that once you set up a series of rules you could take your hands off the wheel and let the government run on its own forever. They viewed government like physics, with a set of customs and laws that required no updating or second-guessing because they were believed to be precise and perfect as they were.

Wilson thought that was wrong. He viewed government as being a living thing that adapted and evolved.
I really don't care about politics. But he had a theory that I think is so important, and so applicable, to us ordinary people managing our money.

  continue reading

57 episoade

Artwork
iconDistribuie
 
Manage episode 407613316 series 3454180
Content provided by Morgan Housel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Morgan Housel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Woodrow Wilson was the only president with a Ph.D. in political science.

He came to office having thought more about how a government functions than most before him or since.

One of his complaints was that too many people in government held the belief that it was a Big Machine: that once you set up a series of rules you could take your hands off the wheel and let the government run on its own forever. They viewed government like physics, with a set of customs and laws that required no updating or second-guessing because they were believed to be precise and perfect as they were.

Wilson thought that was wrong. He viewed government as being a living thing that adapted and evolved.
I really don't care about politics. But he had a theory that I think is so important, and so applicable, to us ordinary people managing our money.

  continue reading

57 episoade

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