Jeff Booth
· 122w
Imagine for a moment the cost to society of the mental gymnastics of trying to make the relatively simple idea of economics so complicated that most people wouldn’t see that deflation is the natural...
That makes me think of all the “rent seeker” jobs, and money flowing that way, as well as the 2nd, 3rd to the nth order derivatives to keep all that working, being carried by those who are actually productive. It’s scary.