Oddbean new post about | logout
 Sometimes I think 90% of the confusion is just that regular people of which I am one have a hard time comprehending the extent to which some people are willing to lie to their faces without conscience. It’s easy to understand in theory but if you’re naive like me it’s always shocking to see it.  
 every economic indicator fiat uses is a measure of how much successful are the activities that regularly involve lying in front of naive people, and how much resources these naive people loose.