Economics of thoughts

Krugman has an interesting, short post up about the economics of knowledge. This is something that lots of people notice but few people in the media are willing to talk about, mainly because they’d be criticizing their own patrons, jobs, and pals.

But it’s definitely something more people should understand. Leaving it up to the free market to decide what opinions get heard is a regulatory system, a system that inevitably hurts democracy.

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