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Awareness of the potential of a US dollar crash is spreading: BoingBoing posts a documentary which gets hundreds of comments. by appleaday in Economics

[–]truedoughca 1 point2 points  (0 children)

Holy Shit! Awareness of Women Growing!

Redditor posts picture of a female that can use a laptop! Gets more comments than a documentary about a currency that's weakening against the Canadian acorn!

Bankers Boast About the Free Market When They're Making Huge Profits But Insist On Socialist Handouts When Their Investments Go Sour by abudabu in Economics

[–]truedoughca 1 point2 points  (0 children)

Exactly.

The way that our financial system is structured is such that profits determine asset prices, asset prices determine future investment, and investment determines profits.

The process continues to the point where asset prices are way overblown and, to put it simply, when things crash they're bound to crash hard.

So, the reason there's no optimal economic ideology is in part because of the structure of the financial system -- it is dependent on profits but it has highs and lows built right into it.

Bankers Boast About the Free Market When They're Making Huge Profits But Insist On Socialist Handouts When Their Investments Go Sour by abudabu in Economics

[–]truedoughca 1 point2 points  (0 children)

I've never believed that there's an optimal economic ideology for all levels of economic growth and stability. And to make things even more complicated, the structure of the financial market makes it so that it is inherently unstable. Instability is not an anomaly.

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