It’s the Stupidity, Stupid
2010-10-29 | Filed Under SteveG's Posts |
David Sirota authored the posting It’s the Stupidity, Stupid. Thanks to my friend MardyS for linking to this on his Facebook page. It is the perfect response to my posting Poll: Americans Don’t Know Economy Expanded With Tax Cuts.
Sirota writes:
What could cause this intensifying politics of free-market fundamentalism at the very historical moment that proves the failure of such an ideology? Two new academic studies suggest all roads lead to ignorance.
The first, by Harvard’s Michael Norton and Duke’s Dan Ariely, finds that Americans grossly underestimate how much inequality our economy produces.
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…the most powerful factor in our economic illiteracy is found in the other new academic report—the one examining our innate denial reflex.
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