Tyler Cowen on poor explanations
Tyler Cowen, in a post on why politicians aren’t more aggressively trying to stimulate aggregate demand, writes:
In general you should be suspicious of explanations which take the form of “if only the good people would all band together and get tough.”
The corollary is that attributing bad decisions to stupidity or evil doesn’t do much good, either. People make stupid and evil decisions for reasons, and it’s the reasons that matter.
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