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Dr. Mr. Shiller, any economy which relies so heavily on confidence is a con game. Real economies work because people need things, not because government is stimulating stuff. Government is making a bad bubble much worse. Lose the Keynesian bent dude. It taints what is otherwise a very good view of how the economy is doing. Government cannot forever stop the bust from happening. It can only kick the can down the road and make things eventually much worse.
chitons21 1 year ago