I don’t normally agree with Barney Frank, but this time, he did and said everything perfectly!
Way to go, Barney! Now if only more can speak up against misconceptions and flat-out lies and propaganda.
A very important article A Nation In Debt: How we killed thrift, enthroned loan sharks and undermined American prosperity, by Barbara Dafoe Whitehead at http://www.the-american-interest.com/ai2/article.cfm?Id=458&MId=20.
Just read this on another blog, and have to put it here so I don’t forget it. I refer to this concept quite frequently, but didn’t realize that it was put together so succinctly already.
ARGUMENTUM AD IGNORANTIAM
An argument that a proposition is true because it has not been shown to be false, or vice versa. Ad ignorantium arguments are also known as “appeals to ignorance.” This fallacy has two forms:
1. P is true, because it has not been proven false.
2. P is false, because it has not been proven true.