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> Particularly in economic matters, people believe many intuitive folk economics like eg. building new houses cannot lower prices, or that businesses raise pric
by petesergeant 2y ago
> Particularly in economic matters, people believe many intuitive folk economics like eg. building new houses cannot lower prices, or that businesses raise prices simply “when they feel greedy”, or that voluntary transactions must have a loser & a winner when other people transact (but not themselves personally), or that a policy will have only intended effects because everyone will just do what they are ordered to (even though they personally work around policies or rules all the time for doubtless noble reasons).
Pretty skeptical of this assertion in an otherwise great read
- modeless 2y agoSeems obviously true to me. Spend time on Reddit r/all and you'll see these beliefs repeated over and over.
- JumpCrisscross 2y agoHell, supply and demand are regularly called out as fake on HN, where you'd expect people to know better.
- kbelder 2y agoYou're skeptical that many people believe those things?
- davidclark 2y agoSkeptical in what way - that people believe these things or that these things are folk economics?
- rsynnott 2y agoPlenty of people definitely believe all of those things.