So... this post introduces a new "fact" then debunks its own headline, using a phenomenon already well known to economists: the wealth effect[1]. This feels les

So... this post introduces a new "fact" then debunks its own headline, using a phenomenon already well known to economists: the wealth effect[1]. This feels less like an economics blog and more like a social media Rorschach test -- do you read the article, and its footnotes, or just respond to headlines? [1]: https://en.wikipedia.org/wiki/Wealth_effect https://en.wikipedia.org/wiki/Wealth_effect