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Hopeless

And, do the forum conversations support the idea that irate buyers, once informed, are changing their minds?

I think we need to do more than inform them.

Most of these people won't change their minds by just being exposed to better theories. They need to believe that there's a real chance that their cherished myths might be wrong. Until then, many of them won't take the criticism seriously.

I don't think this will happen until economic understanding is much more generally widespread. Believing that prices are whims should become as unfashionable as believing that the earth is flat.

Gil

by Gil on Mon, 09/10/2007 - 14:22

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