Free markets ‘phish’ for phools by making us do things which are good for others, but not necessarily good for ourselves.

Technically, “phishing” is the scam whereby fraudsters persuade you to part with your financial details, using emails and websites that look trustworthy. But Shiller and Akerlof argue that deception and manipulation aren’t confined to the fringes of the economy; instead, they’re central to how consumer capitalism works. We’re being phished all the time (making us, in their terminology, phools).

Phishing goes after phools that let themselves get scammed by sending along personal info like bank account and social security numbas, hacking is when they go into yer site and send uglys to yer machine. Dig?

The pharceur was phaking it, phacetiously phishing phor phools to phlame her phor pharting around.