Revealed preference
Interfluidity (ht: BdL): We are in a depression, but not because we don’t know how to remedy the problem.[..] We are choosing continued depression because we prefer it to the alternatives. […T]he preferences of developed, aging polities — first Japan, now the United States and Europe — are obvious to a dispassionate observer. Their overwhelming […]
Tagged OWS
The Onion nails it again:
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