I want to be skeptical, but Soros’ reflexivity argument is elegant.
And this is delightful dishing of the “oh-no-he-didn’t” variety:
Alan Greenspan was a past master of manipulation with his Delphic utterances, but instead of acknowledging what he was doing he pretended that he was merely a passive observer of the facts. Reflexivity remained a state secret. That is why the super-bubble could develop so far during his tenure.
What happens when the referee enjoys the game so much he stops making calls to prolong it?