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The Big Facts Dilemma
I think it's just hard to... Just very few econ PhDs who understand the subject well enough to not learn a lot about it. Brad DeLong was talking about Henry Haslett's economics in one lesson, which is classic a free market economics. But he'd rather talk and complain about things they haven't done. He has this very interesting dialogue about the implicit social welfare function of capitalism. We put so much more weight upon the well-being of the rich. They're national socialists.