Thank you for bringing it back to core economic principles. To be fair most people have a hard time comparing one big number to another and can always question when a number is clearly in the wrong, whereas the cultural phenomena get people right in the gut. Where oh where is the economic renewal project that we can pair with the journalistic one occurring here?
Thank you for bringing it back to core economic principles. To be fair most people have a hard time comparing one big number to another and can always question when a number is clearly in the wrong, whereas the cultural phenomena get people right in the gut. Where oh where is the economic renewal project that we can pair with the journalistic one occurring here?
You are correct. However, what will get people in the gut is their empty wallets. So until we have the illusion of wealth created out of thin air that landed in our credit cards and auto loans, the problem will seem to be manageable. As the illusion that the Fed can print money endlessly.
Thank you for bringing it back to core economic principles. To be fair most people have a hard time comparing one big number to another and can always question when a number is clearly in the wrong, whereas the cultural phenomena get people right in the gut. Where oh where is the economic renewal project that we can pair with the journalistic one occurring here?
You are correct. However, what will get people in the gut is their empty wallets. So until we have the illusion of wealth created out of thin air that landed in our credit cards and auto loans, the problem will seem to be manageable. As the illusion that the Fed can print money endlessly.