I’m very tired of everyone trying to explain what is going on in the global economy. To which everybody else simply responds “Well if you know what is happening, then fix it!”. This doesn’t seem like the best way to approach the problem. If consumers could help in some way (other than not taking out bad loans) then we should tell them what to do, otherwise keep the mob in the dark. The more the average person knows, the less they understand, and the more they panic. A person can be rational, reasonable, and capable of not acting like a fool. People on the other hand are crazy, irrational and prone to stampedes.
Money doesn’t exist, it’s just one way to measure value.
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