"Power & Progress": Professor Daron Acemoglu
ROCKING OUR PRIORS
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The Importance of Ideological Persuasion
You argue that rich people command higher status, which in turn makes them more persuasive. That ideological power is reinforced by institutions that entrench their wealth. And you give a really great example of the 2008 financial crisis. Can you share that with us? Yeah, I mean, let me actually before I go to the 2008 financial Crisis,. Let me tell you why again that sort of was so central for Simon and my thinking on this.
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