Stimulus buying and spending are fine, and up to that point the behavior of the market generally made sense.
Nevertheless, junk bubbles which then emerged are part of the Rousseau esque natural world, naturally occurring ponzi schemes.
Yet, Ponzi investments are a flight to crap.
This seems natural enough to me for any economist to fully embrace as the title for models of any economic activity whatsoever.
Unwinding ponzi globalization.
Terms search: ponzi globalization
No comments:
Post a Comment