Apr. 24th, 2017

spikethemuffin: (Default)
I may be repeating myself (I know I am repeating many, many others), but:

Smith-style "invisible hand" economics sounds brilliant, but works solely in a world where people are by and large completely rational and cognitive bias does not exist, and assumes that crutches cause crippling. Since they aren't, it does, and they don't (unless you do them terribly wrong), I look at it more as a beautiful thought experiment than a means of determining policy.

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spikethemuffin

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