Sunday, September 25, 2016

Epsilon Theory - Article Review

Crisis Actors, Crisis acting, social narrative, conspiracy theories. This is the foundation of the article in a nutshell. The author bashes on people in using ideas to influence people, yet he seems pretty hypocritical because it seems like he's doing it in this article to convince people that we should be wary of being influenced to thinking in a certain way for someone else's benefit.(or in this case, he's talking about the Fed). This is a good idea, but he's becoming the person he vowed never to become.
To be honest, in some parts of the article, I had no idea what the author was talking about. In certain paragraphs, there were many references to specific materials and unknown names and I felt lost. The part where I understood the most was the first few paragraphs introducing the idea of Social Narratives and the last paragraphs summarizing the article as a whole. 
Hunt brings up an interesting idea of taking advantage of communication to manipulate people, one that I've really thought about. The idea that the government is using "crisis actors" and social narratives to "brainwash" people to think a certain way sounds like a conspiracy theory in itself. 
I'm not going to lie, in the opening paragraph, the author writes, "government agencies kill their own citizens", and I immediately thought to myself, "bush did 9/11". However, this thought later lead me to think about how the event of 9/11 completely changed the viewpoint of Americans towards middle easterners. 
I'm not completely sure about how all this relates to the idea of Economics. Maybe the government's influence will influence people not/to purchase a certain good or act a certain way and then the demand curve will shift to the left/right.

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