Re:There’s Nothing to Do Except Gamble
by mbil on Thursday April 15, 2021 @06:37PM
(#26827052)
Lyn Alden explored this idea in her January newsletter, titled "The Hindsight Depression"[0].
> the US and much of the rest of the world have already been in a mild depression for the past 12 years, ever since the 2008 global financial crisis. It’s just not as obvious as the 1930s depression, because higher levels of technology and anti-deflationary monetary policy disguised it in a nominal sense.
> the US and much of the rest of the world have already been in a mild depression for the past 12 years, ever since the 2008 global financial crisis. It’s just not as obvious as the 1930s depression, because higher levels of technology and anti-deflationary monetary policy disguised it in a nominal sense.
[0] https://www.lynalden.com/january-2021-newsletter/