I’ve been saying this for months now. If every metric of the economy says things are doing great but people are reporting unprecedented levels of economic anxiety, then the only thing we know is that the metrics we use to measure the economy are flawed!
Seriously. An economy isn’t dictated by natural law. We’re not finding the diffusal rates of two different viscous liquids or trying to piece together why particle X behaves the way it does in light, in other words: there is no “right answer” to be revealed through observation. We’re talking about an entirely man-made, artificial social construct. If the people who make up “the economy” are saying the economy’s bad, we already have the conclusion and should be working backwards from that.
I’ve been saying this for months now. If every metric of the economy says things are doing great but people are reporting unprecedented levels of economic anxiety, then the only thing we know is that the metrics we use to measure the economy are flawed!
Seriously. An economy isn’t dictated by natural law. We’re not finding the diffusal rates of two different viscous liquids or trying to piece together why particle X behaves the way it does in light, in other words: there is no “right answer” to be revealed through observation. We’re talking about an entirely man-made, artificial social construct. If the people who make up “the economy” are saying the economy’s bad, we already have the conclusion and should be working backwards from that.