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Agreed, by delaying crashes, the problems pile up and they compound. You're not allowing the population to update their skills and targets to meet real economic
by jondubois 8y ago
Agreed, by delaying crashes, the problems pile up and they compound.
You're not allowing the population to update their skills and targets to meet real economic needs because reality has been distorted by the bailouts.
For example, maybe one reason for the crash is that the economy couldn't support so many people working in finance. Because of the bailouts however, it's now probably more lucrative than ever to work in finance; so we probably have even more people working in finance today than in 2008.
People who are succeeding in business today don't actually know how to fulfil real economic needs. They only know how to fulfil artificial economic needs in this make-believe economy that the Fed has created.
- compcoffee 8y ago>Agreed, by delaying crashes Uh, what crash was delayed? 2008 was the worst since the Great Depression. >Because of the bailouts however, it's now probably more lucrative than ever to work in finance This is simply incorrect. >so we probably have even more people working in finance today than in 2008 We have slightly more now than 12 years ago. Why would we not?