Long read but interesting. Essentially we don't know as much as we think we do about how the economy works AND we are really bad at long term planning.
Also, the economy being slanted toward Boomers has screwed the younger generations. But tell me something I don't know...
Your comment reminded me of one of Hayek's greatest quotes:
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
That said, it's surely important to at least try and stay educated on what is going on and learn from the mistakes of the past. Really appreciated the insights in this article.
Long read but interesting. Essentially we don't know as much as we think we do about how the economy works AND we are really bad at long term planning.
Also, the economy being slanted toward Boomers has screwed the younger generations. But tell me something I don't know...
Your comment reminded me of one of Hayek's greatest quotes:
That said, it's surely important to at least try and stay educated on what is going on and learn from the mistakes of the past. Really appreciated the insights in this article.