People have been saying this a long time. "Fundamental economics" isn't even a real thing, it's made up theory with almost zero predictive value.
At a very basic level if people get up in the morning and go to work, and continue to want cars and tvs and houses and vacations, it's hard to see the economy really going to hell. We've had many scares over the last 100 years and we keep chugging along with a bump here and there, because people keep going to work and keep buying cars and tvs and houses and vacations. We just went through a global pandemic and are basically fine.
It feels pretty resilient.... unless we make a hard turn into communism, which appears to be a sure fire way to destroy an economy.
At a very basic level if people get up in the morning and go to work, and continue to want cars and tvs and houses and vacations, it's hard to see the economy really going to hell. We've had many scares over the last 100 years and we keep chugging along with a bump here and there, because people keep going to work and keep buying cars and tvs and houses and vacations. We just went through a global pandemic and are basically fine.
It feels pretty resilient.... unless we make a hard turn into communism, which appears to be a sure fire way to destroy an economy.