Is Poverty a Choice?

Statistics are ugly little buggers.  We begin this morning with a scandal story or our own, assess why Japan’s mini-crash this week means something in longwave econ terms, and then we get into the good stuff:  As we look at the problem of whether poverty is a “choice” we quickly descend into harsh realities of self-deception.  We develop some
notes on how humans (like us) can still us  shortcuts to get great economic results.  What we find, I think is interesting and useful.  But not as useful as our “first things” column and a few headlines, along with that first cup of coffee…

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