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Listen to native speakers pronounce “short sighted” in real conversational contexts with synchronized timestamps and subtitles.
is another question exposed by that answer. In this case, there's an obvious answer, at least to an economist; and that is that there were flawed incentives. The banks had incentivesfor short sighted behavior, for excessive risk taking, for trying to generate high transaction costs.But then that, that raises a new question. Isn’t a good financial system, isn’t a market economy supposed to generate the kinds of incentives that actually make it work?