Phishing For Phools Quotes

The economic system is filled with trickery, and everyone needs to know that. We all have to navigate this system in order to maintain our dignity and integrity, and we all have to find inspiration to go on despite craziness all around us. We wrote this book for consumers, who need to be vigilant against a multitude of tricks played on them. We wrote it for businesspeople, who feel depressed at the cynicism of some of their colleagues and trapped into following suit out of economic necessity. We wrote it for government officials, who undertake the usually thankless task of regulating business. We wrote it for the volunteers, the philanthropists, the opinion leaders, who work on the side of integrity. And we wrote it for young people, looking ahead to a lifetime of work and wondering how they can find personal meaning in it. All these people will benefit from a study of phishing equilibrium—of economic forces that build manipulation and deception into the system unless we take courageous steps to fight it. We also need stories of heroes, people who out of personal integrity (rather than for economic gain) have managed to keep deception in our economy down to livable levels. We will tell plenty of stories of these heroes.

If you give Congress a chance to vote on both sides of an issue, it will always do it.

Free markets do not just produce what we really want; they also produce what we want according to our monkey-on-the-shoulder tastes.

The winning electoral strategy with phishable voters is threefold: 1. Publicly, proclaim policies that will appeal to the typical voter on issues that are salient to her, and where she will be well informed. 2. But on other issues, where the typical voter is ill informed, but where potential campaign donors are well informed, take the stance that appeals to donors. Publicize this stance to would-be contributors, without broadcasting it widely to the general public. 3. Use the contributions from these “special-interest groups” for campaigning that increases popularity among the regular run of voters, who are more likely to vote for someone who “mows their lawn on TV.

government could be a useful counterweight to the excesses of free markets.

In this present crisis, government is not the solution to our problem; government is the problem.

In giving customers free use of the credit card, it’s as if the stores are offering free puppies.