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Yep. Keesian Beauty Contest!

(Dear Reader, if you have no idea what that is, it's a good idea to know about in my opinion)

To save other readers a web search: in a *Keynesian beauty contest, you pick the winners based on who you think others will find most beautiful.

Emperors new clothes.

There's a relationship in that a persuasive kid pointing out the obvious flaws could collapse a Keynesian beauty contest.