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Response to Zorro (Original post)

Fri Aug 21, 2020, 10:13 AM

4. The current voodoo economics in which the world is indulging perplexes me...

... since, stripped of all the pretenses, it amounts to central banks just printing money on an unprecedented scale. That they can do this while holding interest rates to nearly non-existent (and even ruminating about negative interest rates, by all that's holy), while experiencing no inflation goes against just about every rule one learns in Economics 101.

More and more, it becomes clear that economic theory bears little relation to how things work in the real world, and as for the stock market -- it is a self-referential delusion that totally reflects the adage "the value of a thing is what it will bring."

I've been expecting the bubble to burst for decades, so obviously I'm not clued into how things really work. Be that as it may, it seems increasingly absurd to think that treasured economic indicies (unemployment, inflation, Dow Jones) have anything at all to do with the way economies work in the real world.

-- Mal

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Zorro Aug 2020 OP
Laelth Aug 2020 #1
SWBTATTReg Aug 2020 #2
Wellstone ruled Aug 2020 #3
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malthaussen Aug 2020 #4
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