It is rare to see a good article that examines the topics of economics and investing. This is the exception. It seems to me that most economists have a weak understanding of investing and most investors have a weak understanding of economics. It’s discouraging, but not as discouraging as listening to politicians who have little clue about either or, even worse, business and taxes. The world is awash in misinformation and misunderstanding, not to mention confusion about short term and long term impacts. Admittedly, this stuff is complicated and requires extensive study. Politicians probably don’t have the time. But it is better to stay silent and be thought a fool than open your mouth and prove it.
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