[Economists’ advice] is something like patent medicine – people know it is largely manufactured by quacks and that a good percentage of the time it won’t work, but they continue to buy the brand whose flavor they like.

BARBARA BERGMANN

Barbara Bergmann on medicine

“[Economists’ advice] is something like patent medicine – people know it is largely manufactured by quacks and that a good percentage of the time it won’t work, but they continue to buy the brand whose flavor they like.”

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