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><channel><title>Chris Abraham &#187; federal reserve</title> <atom:link href="http://chrisabraham.com/tag/federal-reserve/feed/" rel="self" type="application/rss+xml" /><link>http://chrisabraham.com</link> <description>Because the Medium is the Message</description> <lastBuildDate>Sun, 27 May 2012 03:06:01 +0000</lastBuildDate> <language>en</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.3.2</generator> <xhtml:meta xmlns:xhtml="http://www.w3.org/1999/xhtml" name="robots" content="noindex" /> <item><title>People as a Whole are Indeed Stupid</title><link>http://chrisabraham.com/2008/06/26/people-as-a-whole-are-indeed-stupid/</link> <comments>http://chrisabraham.com/2008/06/26/people-as-a-whole-are-indeed-stupid/#comments</comments> <pubDate>Thu, 26 Jun 2008 18:53:00 +0000</pubDate> <dc:creator>Chris Abraham</dc:creator> <category><![CDATA[Anthony Citrano]]></category> <category><![CDATA[Cosmic Tap]]></category> <category><![CDATA[People Are Stupid]]></category> <category><![CDATA[affirmation]]></category> <category><![CDATA[ammo]]></category> <category><![CDATA[beens]]></category> <category><![CDATA[ben bernanke]]></category> <category><![CDATA[benefit]]></category> <category><![CDATA[Blog]]></category> <category><![CDATA[blogged]]></category> <category><![CDATA[Blogging]]></category> <category><![CDATA[Blogs]]></category> <category><![CDATA[branch of islam]]></category> <category><![CDATA[choice answers]]></category> <category><![CDATA[choices]]></category> <category><![CDATA[condi rice]]></category> <category><![CDATA[crowd]]></category> <category><![CDATA[crowds]]></category> <category><![CDATA[distraction]]></category> <category><![CDATA[distractions]]></category> <category><![CDATA[dollarization]]></category> <category><![CDATA[drops]]></category> <category><![CDATA[federal reserve]]></category> <category><![CDATA[feelings]]></category> <category><![CDATA[follower]]></category> <category><![CDATA[followers]]></category> <category><![CDATA[generations]]></category> <category><![CDATA[how many americans have died in iraq]]></category> <category><![CDATA[howard dean]]></category> <category><![CDATA[Internet]]></category> <category><![CDATA[internet life]]></category> <category><![CDATA[Iraq]]></category> <category><![CDATA[lowe]]></category> <category><![CDATA[mccain]]></category> <category><![CDATA[nationalities]]></category> <category><![CDATA[News]]></category> <category><![CDATA[nyt]]></category> <category><![CDATA[onli]]></category> <category><![CDATA[people]]></category> <category><![CDATA[pews]]></category> <category><![CDATA[phone interviews]]></category> <category><![CDATA[press]]></category> <category><![CDATA[recent news]]></category> <category><![CDATA[reminder]]></category> <category><![CDATA[respondents]]></category> <category><![CDATA[secretaries]]></category> <category><![CDATA[secretary of state]]></category> <category><![CDATA[shia]]></category> <category><![CDATA[surprise]]></category> <category><![CDATA[surprises]]></category> <category><![CDATA[think]]></category> <category><![CDATA[trivia test]]></category> <category><![CDATA[Wal-Mart]]></category> <category><![CDATA[whale]]></category> <category><![CDATA[whaleing]]></category> <category><![CDATA[whales]]></category> <category><![CDATA[whaling]]></category> <category><![CDATA[Writing]]></category><guid
isPermaLink="false">http://chrisabraham.com/2008/06/26/people-as-a-whole-are-indeed-stupid/</guid> <description><![CDATA[I try to follow Anthony Citrano&#8216;s blog, Cosmic Tap, but had fallen behind. I have to reblog his article, Reminder: People Are Stupid. I have always considered this to be true (see Wisdumb of Crowds: SAVE THE WHALES), but always need as much affirmation as possible, and Mr. Citrano give me all the ammo I [...]]]></description> <content:encoded><![CDATA[<p></p><div
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href="http://pinterest.com/pin/create/button/?url=http%3A%2F%2Fchrisabraham.com%2F2008%2F06%2F26%2Fpeople-as-a-whole-are-indeed-stupid%2F&media=&description=People+as+a+Whole+are+Indeed+Stupid" count-layout="horizontal" class="pin-it-button2" ><img
border="0" style="border:0;" src="//assets.pinterest.com/images/PinExt.png" title="Pin It" alt="PinExt People as a Whole are Indeed Stupid" /></a></div><p>I try to follow <a
href="http://citrano.com/">Anthony Citrano</a>&#8216;s blog, <a
href="http://www.cosmictap.com">Cosmic Tap</a>, but had fallen behind. I have to reblog his article, <a
href="http://www.cosmictap.com/reminder-people-are-stupid/" rel="bookmark" title="Read Reminder: People Are Stupid">Reminder: People Are Stupid</a>. I have always considered this to be true (see <span
class="aizattos_related_posts_title"></span><a
href="http://chrisabraham.com/2008/01/14/wisdumb-of-crowds-save-the-whales/" rel="bookmark" title="Permanent Link: Wisdumb of Crowds: SAVE THE WHALES">Wisdumb of Crowds: SAVE THE WHALES</a>), but always need as much affirmation as possible, and Mr. Citrano give me all the ammo I need &#8212; but we do agree on one thing:</p><blockquote><p>&#8220;I don’t think <em>everyone </em>is stupid &#8211; I just think the <em>average</em> American is too distracted or preoccupied or apathetic to pay attention to the stuff that some of us feel is important.&#8221;</p></blockquote><p>Here&#8217;s the whole article, <strong><a
href="http://www.cosmictap.com/reminder-people-are-stupid/" rel="bookmark" title="Read Reminder: People Are Stupid">Reminder: People Are Stupid</a></strong>:</p><blockquote><p>Whenever I hear about a poll telling me what a group of Americans think, I generally write it off.  Now, folks, I don’t think <em>everyone </em>is stupid &#8211; I just think the <em>average</em> American is too distracted or preoccupied or apathetic to pay attention to the stuff that some of us feel is important.</p><p><span
id="more-902"></span>Today, the press is all over the <a
href="http://www.nytimes.com/2008/04/03/us/03cnd-poll.html" onclick="javascript:pageTracker._trackPageview('/outgoing/www.nytimes.com/2008/04/03/us/03cnd-poll.html');">CBS/NYT poll</a> that shows 81% of Americans feel the nation is “on the wrong track.” I agree with those Americans, but probably wouldn’t share their reasoning. What didn’t get as much attention was the recent <a
href="http://people-press.org/reports/display.php3?ReportID=401" onclick="javascript:pageTracker._trackPageview('/outgoing/people-press.org/reports/display.php3?ReportID=401');">“News IQ” poll</a> by Pew Internet Life that drilled down a bit to explore what we know about things like our society, our government, and the war being fought with our dollars and our permission. I was pleasantly surprised at how relatively well people did.</p><p>Some highlights:</p><ul><li>Only 28% of respondents know approximately how many Americans have died in Iraq (and Pew notes that this is an all-time low and “awareness is dropping”).</li><li>70% knew Condi Rice is Secretary of State</li><li>62% could identify “Sunni” as the branch of Islam fighting the Shia in Iraq</li><li>56% knew McCain was from Arizona</li><li>40% knew Howard Dean chairs the DNC</li><li>35% knew Ben Bernanke chairs the Federal Reserve</li></ul><p>Of course, these were phone interviews of 1000 people who were willing to sit through a phone trivia test, and who were given four multiple choice answers from which to choose. I frankly find the results impressive, but I’ll bet if they had conducted the same survey outside a Wal-Mart in middle America without the benefit of “multiple choice”, the numbers would have been much, much worse.</p></blockquote><div
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