The Pain Bias: What Doesn’t Kill Us

modeledbehavior.com — When you stress most things they don’t grow back stronger, they break. When you apply job losses to an economy people don’t become hardier, they become poorer. The idea that tough love will lead to a better economy in the long run is just wrong. Not mean. Not heartless. Not insensitive. Wrong. Monetary policy doesn’t work that way. Fiscal stimulus doesn’t work that way.

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