Tuesday, June 28, 2016

A metaphor for the economy

The dogs want to go out at three in the morning. I don't want to let the one out because yesterday he didn't come when it was time to go in. (I'm setting policy based on recent experience.)

Then I remembered: He didn't come yesterday because he wasn't out. He was still upstairs, asleep. (So really, I was setting policy based on misunderstanding recent experience.)

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