DO ECONOMISTS HAVE ANY IDEA WHATS GOING ON? The global economy - TopicsExpress

DO ECONOMISTS HAVE ANY IDEA WHATS GOING ON? The global economy is incredibly complex, largely because it is not built on sound principles. Fractional Reserve Banking and Generally Accepted Accounting Principles are two obvious culprits. But there are even more issues such as preferential taxation, corporate welfare and the inequitable distribution of wealth. All of these elements makes it extremely difficult to predict how the economy is going to react to variants. A few days ago the media was reporting economic recovery now they are suggesting that another recession is not far away. Which way is the wind going to blow next week? bbc/news/business-29566009

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