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 Originally Posted by BananaStand
and it typical congressional fashion.....lawmakers didn't really give a shit what would happen 10 years later.
Most people (or all people) do not employ logic above first-order for most things. I think the reason I like economics so much is because it's all about higher order logic. It's about evaluating what an action incentivizes (first-order), what that result incentivizes (second-order), what that result incentivizes (third-order), etc..
In general I think it is fair to say that people typically don't think about incentives, don't understand the concept, etc..
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