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This article is a great example of how macroeconomic indicators are a poor measure of overall economic health. The real question is who is actually served by an
by bparsons 2y ago
This article is a great example of how macroeconomic indicators are a poor measure of overall economic health. The real question is who is actually served by an economy like this.
The basic bargain at the heart of the United States means that you put up with bad urban planning, public infrastructure and a criminal healthcare system in exchange for getting to drive a huge vehicle, cheap food and consumer goods and a detached home with a big yard.
Now you get all the bad stuff, plus expensive food, unaffordable transportation options and a bidding war with Blackrock for your starter home in the midwest.
But hey, the stock market is up!
- deleted 2y ago[deleted]