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Economics

The Lie at the Heart of Economics

The Lie at the Heart of Economics

Imagine that you are standing in line at a polling station to cast your vote. However, this year, it seems the poll workers are doing something different. Each person who walks away from the registration table has a different number of ballots. Most people have one or two, but some have three or four. One man in a suit walks away with a large stack of at least 20! A woman is turned away without a single ballot.

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