Crowds: Stupid

Paul Kedrosky said this morning that he was thinking about "the anti-wisdom of crowds". I wasn’t sure what he meant, until this afternoon:

The sort of things people want government to do to help the U.S. economy — cut imports! halt immigration! drop/raise taxes by 100%!, etc. — would pretty much take us into the Great Depression 2.0. Asking people for economic ideas isn’t the solution, it’s part of the damn problem.
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Original Source

  21 Febrero, 2008| Economy | @ 21:34

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