Daily Archives: July 6, 2013

Revealed Biases: Why MMT Critics Continue to Rely on Strawman Arguments

By William K. Black

Economists of nearly every flavor believe in the concept of “revealed preferences.”  What matters is not what people say they will do in a hypothetical situation, but what they actually do.  Their actions speak more credibly than their words.  In this column I announce a related concept: “revealed biases.”

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