Saturday, January 09, 2016

Economy

Four awesome graphics describe Keynesianism and destroy it at the same time.

Poor science, and education, lead to most market criticism, which is bogus.
"The reason is as obvious as it is overlooked: the real economy is heavily regulated, politically manipulated, and therefore distorted, and therefore not the actual "market." Yet the market skeptics ASSUME it is. That's why  they find that "market" causes lasting inequality, environmental issues, etc."
True.

Auto bubble based on sketchy loans explained.

The big short, where the movie ignored government regs, will happen again.

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