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Thread has far too much analysis premises on notions such as the US economy works the best and everything works like in the US that are simply stupid.
by bigbacaloa 3y ago
Thread has far too much analysis premises on notions such as the US economy works the best and everything works like in the US that are simply stupid.
- hospitalJail 3y agoI think long term we are going to find out economics is more religion than science. What is good for the macro (Spending on consumables during a recession) isnt good for the micro. Hording assets that hedge fiat currency is good for the micro, but not good for the macro. CPI/real inflation wasn't averaging 2% for the last 30 years, but probably was like 3-4%. Technology and out sourcing kept CPI looking like it was 2% + some gaming by each administration.