4 ms·
It's the same as "trickle-down economics", known to be untrue but the original belief is memetically stronger and sticks around. Simple "truths" are easier to b
by eqvinox 2y ago
It's the same as "trickle-down economics", known to be untrue but the original belief is memetically stronger and sticks around. Simple "truths" are easier to believe in... (and easier to regurgitate in short-cycle attention[-span]-deficit news)
- TeaBrain 2y agoIt's not the same at all. Efficient Market Hypothesis is the actual given name of an economic hypothesis. "Trickle Down" economics is a derogatory term applied to a number of controversial economic policies, by opponent of the policies.
- eqvinox 2y agoThe point of discussion was about how "this is a revelation to…someone?" My response was concerning concepts sticking around in wider popular discourse despite being known to not apply particularly well. Did you read past the first 6-8 words?