Economist admits that ‘Trump fooled us all’
(www.dailymail.co.uk)
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So wait, the the guy who makes money fooled the guy who talks about money?
Now you know why these "super smart expert" economists and financial advisors aren't billionaires. Instead they are writing articles and hosting little insignificant TV or Youtube spots.
Perfectly said! God loves you
The problem is. Most Economists regard everything after WW2 as being the unquestioned and unqualified truth about trade, finance, and the Economy and that things were always that way. When in reality the entire system was an artificial construct of post war geopolitics. And most of the modern metrics are arbitrary numbers that can be redefined and massaged as convenient.
Humanity labored under a completely different set of circumstances, conditions, and rules for the majority of its History when it came to Trade and Finance. And did so quite successfully.
Yes. Trade and population expansion along trade routes. The monetary strategy of the past 100 years is a disaster on purpose
I’d be willing to bet on quite a bit of it was a disaster unintentionally. Or at least degraded far faster than they expected it would. Reality is after all under no obligation to conform to the neat models and algorithms of number crunchers and intellectuals.
And an enduring issue with recent Western Thinkers and Leaders regardless of moral alignment. Particularly of the last 200-300 years. They rarely think in terms longer than a century and of 2nd and 3rd order effects
So we get blindsided by problems that realistically were probably predictable even during their era. Let alone in ours.
God created economists to make weathermen look good.
The internet is just a fad, glorified fax machine. -Nobel Prize winning economist Paul Krugman
When my daughter went into college in 97, I bought her a laptop. She asked, “What’s this for??” I told her to use it to write her papers. She scoffed and said that laptops were just a fad.
Now she’s a vice president of a company that does electronic data discovery for large corporations. And her laptop is her primary tool. 😂😂😂
kek