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Best I can do is point out that much of American economic history for the past 300 years has been stumbling from crisis to crisis, and somehow we muddle through
by sputknick 2mo ago
Best I can do is point out that much of American economic history for the past 300 years has been stumbling from crisis to crisis, and somehow we muddle through. A good book to understand this is https://a.co/d/0aTW4L6D https://a.co/d/0aTW4L6D
- potsandpans 2mo agoI don't disagree, but I'd point out that this is a weak steeleman. Essentially it's, "past performance guarantees future results." We only have a limited sample size of economic data.