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Two thoughts about herding.

1. To the extent that reality is what we agree on -- and when it comes to economics and behavior I believe this rounds to true -- a solid group can herd so effectively that uncertainty is little more than a low background noise.

2. There's more than one herd and people can be persuaded to move from one that might be a natural or first home for them to one that promises more. This dynamic is all over capitalism and politics.

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