“It’s an Intellectual Gresham’s Law in Action”

“IT’S AN INTELLECTUAL GRESHAM’S LAW IN ACTION”….Brad DeLong has a good post today titled “Un-Discourse Situations.” I can’t really describe Brad’s complaint in a sentence or two, but a lawyer leaves a comment summarizing the same situation in his neck of the woods:

In the law business, I see it all the time. The Federalists put on a panel with one lefty, a few centrists, a few conservatives, and a raving nutbag. Who wins the debate? Who cares? The nutbag is always legitimated by being there. And that’s the point of the debate.

Go read the whole post. It’s important.