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Entries from October 28th, 2011

The Current Common Wisdom Is Wrong

July 22nd, 2010 · Comments Off · Capitalism, Corporations and Industry, Economics, Health Care, jobs, Lobbying, Media, Wall Street

We often refer to the “common wisdom” in society, the general knowledge passed on by word of mouth locally, regionally and eventually expressed in print or on television…and after which people say…oh, yeah, that makes sense. The fact is that the common wisdom often works because the underlying rules are pretty clear in most situations. [...]

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