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Economics

How a Nation Got Snookered by a Phony Narrative

Feb. 7 (Bloomberg) -- Back in the 1980s, when hair was big, actress Heather Locklear appeared in a TV commercial for Faberge Organics Shampoo with wheat germ oil and honey.

“It was so good, I told two friends about it, and they told two friends, and so on, and so on, and so on,” Locklear said as the single image of her on the screen multiplied into two, four, nine and finally 16 tiny Heathers.