Wednesday, May 14, 2008

Are you populist already?

Easy. Says Sowell:

If you want cheering crowds, don't bother to study economics. It will only hold you back. Tell people what they want to hear-- and they don't want to hear about supply and demand.

No, supply and demand is not too "complex." It is just not very emotionally satisfying.

HT: Mankiw.

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