He is actually reviewing and praising the blog site, Marginal Revolution. I agree that it is one of the better sites out there. I liked Cottrell's opening observation though.
When we are very young, intelligence approximates to processing power. Raw data from the world streams into our senses, and our brains deduce rules from it.
When we are older, approaching middle age, intelligence approximates much more to memory. Our brains recall and manipulate the information that has passed through our senses in the decades gone by. The intelligent person conjures analogies, connections, precedents, where the average person blanks out.
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