This is what happens when you let delusional bankers run things.
Monetary policy fails in low interest rate environments, and you get chaotic whipsaws thereafter which grow with time. You can find reference to this if you know where to look as far back as the 1930s.
Greedy corrupt blind individuals who have managed to infect leadership win so much that they lose everything.
We are getting a front-row seat to the specifics described in the socialist calculation problem, and it won't stop with just the US. This type of fire keeps burning until the fuel is out.
Comments
This is what happens when you let delusional bankers run things.
Monetary policy fails in low interest rate environments, and you get chaotic whipsaws thereafter which grow with time. You can find reference to this if you know where to look as far back as the 1930s.
Greedy corrupt blind individuals who have managed to infect leadership win so much that they lose everything.
We are getting a front-row seat to the specifics described in the socialist calculation problem, and it won't stop with just the US. This type of fire keeps burning until the fuel is out.