Heterodox
People tend to say things are bad and getting worse. They tend to get irritated when I note that the thing they mentioned is bad but has recently become less bad. There is some deep unwillingness to accept that levels, changes, and rates of change are different. Certainly people will argue that something is too low because it has decreased (see military spending over GDP) or getting worse because it is bad (see again military spending — different...
Read More »