I Swing Both Ways. I Can See

My Instinct Is To Assume That We Consumers Are An Inconsistent Bunch. We Like Competition If It Delivers Low Prices, But Grumble If It Delivers The Bad News That Prices Need To Go Up.

Personally, I Don't See Old Economics And Behavioural Economics As Opposed. It Is Useful To Assume People Are Rational As A Good Approximation To Their Long Term Behaviour, But It Would Be Unwise Not To Think How In Practice Their Behaviour May Deviate From That Simplifying Assumption.

Some People Harbour An Awkward Clash Of Feelings - Homosexual Attraction On The One Hand And Shame Or Embarrassment About That Attraction On The Other. It Is Well Known That The Mind Struggles To Sustain Conflicting Views.

Interest Rate Cuts Have An Effect In Stimulating An Economy By Directly Or Indirectly Making Someone, Somewhere, Spend More Than They Otherwise Would. That Extra Spending Increases Demand And Ensures That We All Carry On With Work To Do, Without Us Having To Slash Our Prices Or Our Wrists.

A Chair's Function Is Not Just To Provide A Place To Sit; It Is To Provide A Medium For Self-expression. Chairs Are About Status, For Example. Or Signalling Something About Oneself. That's Why The Words Chair, Seat And Bench Have Found Themselves Used To Describe High Status Professions, From Academia To Parliament To The Law.