They've been hitting the economy with epi pens and adrenaline for the last quarter century or so. Same thing that happens to every empire that devalues it's currency.
It's the side effect of trying to control a complex, chaotic system. Kondratyev showed fairly definitively that the economy would do what the economy would want to do. Essentially, the economy is wanting to correct, and can't, because people are constricting financial actions (numbers go up).
Might there be a few politicos with enough hubris (or dumb enough) to think they can turn the economy on and off like a light? Sure. But I think a lot more think that if numbers keep going up, they get mo money.
They've been hitting the economy with epi pens and adrenaline for the last quarter century or so. Same thing that happens to every empire that devalues it's currency.
Sure, but I think the past couple years have really taken things to a new level. Could just be my perception though.
It's the side effect of trying to control a complex, chaotic system. Kondratyev showed fairly definitively that the economy would do what the economy would want to do. Essentially, the economy is wanting to correct, and can't, because people are constricting financial actions (numbers go up).
Might there be a few politicos with enough hubris (or dumb enough) to think they can turn the economy on and off like a light? Sure. But I think a lot more think that if numbers keep going up, they get mo money.