It feels like this is more in line with people's emotions than with actual conditions on the ground right now if you take a step back and breathe There's some FUD but nothing is actually breaking TOO badly at the moment and things feel better than May or Sep 2020 comparativelyhttps://twitter.com/jonst0kes/status/1455255189196320774 …
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lol you're supposed to be an economist, Krugman would just tell me which way the market was gonna go
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im a bad economist because im not comfortable making obviously wrong pronouncements with utter confidence
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I'm beginning to think we are on the cusp of something that will be like when Bretton Woods blew apart. A lot of stuff doesn't make sense right now and will probably only be understandable in hindsight.
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History lesson please? I'd love to know what you mean by this
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for more than a hundred years modern economics has been a complex, math-laden version of this song: https://www.youtube.com/watch?v=cDQRkAI6eHI … only it turns out that eventually Pontoffel Pock comes along and yeah
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or maybe it's more like the Keynes v. Hayek line the economy's not a car there's no engine to stall the economy is US there's no IT at all
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