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How can you call it unstable when it’s been pumping out a self-reinforcing fountain of money for centuries? Just look at GDP graphs for the US, EU, and China o
by FredPret 3y ago
How can you call it unstable when it’s been pumping out a self-reinforcing fountain of money for centuries?
Just look at GDP graphs for the US, EU, and China over the past couple of decades.
You’ll see smooth upward exponential growth for US + China with a small bump in 2008. For the EU, it’s been nothing but wild gyrations, mostly trending sideways. Anyone from the World Bank, the IMF, and even tradingeconomics.com has this data.
- mahmoudhossam 3y agoI think the word you're missing from my reply is "political". The US economy is very robust, but politics have never been this bad.
- FredPret 3y agoAre you sure? https://en.wikipedia.org/wiki/American_Revolutionary_War https://en.wikipedia.org/wiki/American_Revolutionary_War https://en.wikipedia.org/wiki/Great_Depression_in_the_United_States https://en.wikipedia.org/wiki/Great_Depression_in_the_United... https://en.wikipedia.org/wiki/American_Civil_War https://en.wikipedia.org/wiki/American_Civil_War
- mensetmanusman 3y agoYou don’t remember the weekly political bombings from the 70s?