Monday, November 29, 2010
Ask Not How QE Can Cause Inflation
People store and assimilate information. Whenever we pass a bad driver on the road, we turn and look. We may not memorize the details, but we absorbe the information and add it to our model. In this case,a set of stereo types, which is part of our model of the world. Over time we recognize the most important aspects of our environment on a subconscious level, improving our driving ability and increasing our available range of perception.