×
7. Some suggestions for a savvier approach: (a) We’re all biased and need bias-balancing input (don’t put all your eggheads in one basket). (b) Much of economics is zero-sum, don’t ignore those harmed by what benefits you. (c) Much in economics is uncertain and complex = can’t rely on plausible seeming ideas (like cutting jobless benefits increases employment, or education will reduce income inequality). (d) Uncertainty requires contingency plans (plan B if tax cuts didn’t benefit the masses?). (e) No politics of parts can work unless the health of the whole governs. (f) Heed the logic of needism. - http://bigthink.com/errors-we-live-by/the-perils-of-plutogoguery