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Smackdowns!: Ta-Nehisi Coates Smacks Down the Astonishingly Deceptive Josh Trevino on Twitter...

"In 2005 I would have given you 10,000 to 1 odds that future historians would regard Ben Bernanke as a better central banker than G. William Miller"

So a learned colleague emails. He continues:

I still think Bernanke has a 75% chance of coming out on top in the eyes of historians.

But if I had put $1000 down in 2005 on what I then regarded as a next-to-sure thing, I would now have to report a mark-to-market loss of $2.5 million...

I see this much more as a statement about how these jobs are harder than they look, and you never know how somebody will do in them until they are tested--that, as Robert Solow likes to quote Damon Runyon: "there was nothing between human beings that is more than 3-to-one".

And I do find myself now having much more sympathy for G. William Miller than I ever thought I would...

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