'Inadequate Equilibria'
Minds Almost Meeting
00:00
The Imperfections Are Rather Sticky
The world has some imperfections right that's all he's argued for but I'm sorry there's another thing the imperfections are somewhat stable. Every single one of his examples is one where either did get corrected or I predict will get corrected like people are going to figure this thing out about seasonal effective and then we'll eventually have those special light bulbs maybe we even have them now. But nonetheless if these inefficiencies are in the system they could stick around for quite a while before they get corrected.
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