3 ms·
I 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) isn
by hospitalJail 3y ago
I 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.