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> governments that overstimulated their economies I don't understand the nuances of global economics, but makes you think how and why so many governments made
by Fervicus 3y ago
> governments that overstimulated their economies
I don't understand the nuances of global economics, but makes you think how and why so many governments made the same monetary policy mistakes in lockstep.
- diordiderot 3y agoIn software the phenomenon is called best practices. Think of Chicago School and MIT economists as Meta and Amazon leads. In finance they say, 'no one ever got fired for buying IBM'
- Fervicus 3y agoInteresting point. I could agree with this analogy if different countries had "bought IBM" at different times and thus made the same mistake. But what has happened here is that many countries have bought IBM together at the same time.