> In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is past the ocean is flat again.
J. Keynes
He was specifically criticising this "the market will regulate itself after a while" attitude. Nice for you to have a big enough safety net, bot not everybody does.
> In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is past the ocean is flat again.
J. Keynes
He was specifically criticising this "the market will regulate itself after a while" attitude. Nice for you to have a big enough safety net, bot not everybody does.
People love to panic for something that will be fixed in 24 months.