Is Laziness the Cause of Unemployment?
Hamilton Nolan · 01/16/13 02:50PMEconomics is a field in which the general public will often give deference to the opinions of someone with professional credentials, even when that person seems to be saying something in direct opposition to common sense. "Well, sounds crazy, but he's the expert," we say to ourselves. We assume that the expert knows something we don't. Sometimes, he does. Other times, the expert is just a very wrong person with a very impressive job title.