And I say that believing, again, that most times the views are nevertheless genuinely held.

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For whatever reason, the Big Three stood on the sidelines, focused more on SMS than email, again believing that telecommunications trumped information technology.

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Everybody is once again believing in the miracle.

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China has fooled itself again, this time in believing that holding their trade imbalance in dollar denominated treasury bonds represents a fair bargain.

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And so three hours later, we are playing a hole that runs that way, it's going to be playing downwind again, and you just have to keep believing that and doing that, because it swirls around in those trees.

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The brewing European debt crisis demonstrates again that the greatest source of systemic risk is believing politicians when they promise government guarantees are costless, and that elite public servants are capable of protecting us from systemic risks in the first place.

FORBES: Governments Are The Primary Creators Of Systemic Risk