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by missedthecue
2177 days ago
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"If economics were so easy that the optimal way was mathematically proven 200 years ago, I think economic difficulties would be resolved by now." I think you underestimate the market failures of the political system. Politicians are not interested in doing what's best for society, but what gets them votes and donations to help reelection. Sometimes the two align. Other times they do not. Like it or not, that is how the incentives are set up. This is why rent control for example keeps getting passed time and time again despite economists unanimously agreeing that it does not work. http://www.igmchicago.org/surveys/rent-control/ |
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