Nothing to Fear Except
FDR's famous 1933 line, redone for the 2009 financial crisis as a warning about opaque mathematical models.
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Free for classrooms, worksheets, slides and other non-commercial use under CC BY-NC 4.0, with credit to Ben Orlin.
Cartoon by Ben Orlin, Math with Bad Drawings. https://cartoons.mathwithbaddrawings.com/2017-05-16-nothing-to-fear-except/ (CC BY-NC 4.0)Transcript
[1933] Speaker: "Then I'll say, 'The only thing we have to fear is fear itself.'" Aide: "Brilliant, sir."
[2009] Speaker: "Then I'll say, 'The only thing we have to fear is a precarious network of global investment perched atop mathematical models that are neither verified nor understood.'" Aide: "A bit on-the-nose, sir."
