Originally Posted by
Goodoldflyer
… I can't account for individual choices, but the market as a whole is pretty rational.
this microeconomics vs macroeconomics debate is often pretty polarized (and I’m just gonna leave it there, without veering into OMNI territory)
- millions of consumers see their daily lives in terms of microeconomics
- national and international policy operate in the domain of macroeconomics
the two spheres are INTERDEPENDENT, not mutually exclusive — one-size-fits-all approaches will necessarily disappoint those who believe they don’t adequately address specific interests, but the inability (or, probably more accurately, unwillingness) to have rational discussions with those who hold different perspectives has pretty well doomed workable compromises