"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Behaviorial Economics and Irrational Behavior
Submitted by Westernerd on Thu, 2014-02-06 04:00
If consumers can’t rationally select the goods and services they need, then perhaps government can choose more wisely for them. But when you look deeper, behavioral economics provides a convincing indictment of the political system.
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