If consumers begin to be fearful and conserve the government takes action to overcome this mental condition. How? Expand credit. If consumers then become to euphoric and spend to much the government takes action to overcome this mental condition. How? Restrict credit. Consumers spend very little time in the middle.
Mathematics should be left to explain the physical world, not psychosis.
From a comment on Felix Simon’s post on how economic journalists deal with academic economics publications.
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