“Several surveys have shown that most people believe they have above-average driving skills. In fact, 93% of student drivers think their driving skills are above average. The law of averages tells us that this can’t possibly be true.  It reminds me of that survey that said 84% of Frenchmen think that they are above-average lovers. Wishful thinking.  Such high self-regard with respect to personal competence is known as ‘overconfidence bias.’ People tend to overestimate or exaggerate their abilities.  This bias is inherent in all of us. But it reaches an especially high level of intensity in one central banker.”

http://sovereign-investor.com/2013/09/03/the-fed-cant-stop-printing-money-or-else/

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