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(The Year 2012 In Review)
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|User Info||The Mark To Model Lie; entered at 2008-10-03 10:23:37|
Registered: 2008-02-10 Odessa, Missouri
That's all you need to know, if your purpose is to decide whether to invest in something, or whether to support a bailout.|
What a lot of us are interested in knowing is, are we looking at a 70s-style recession, GD2, or Mad Max?
It seems to me that, when you come right down to it, these questions are most likely to be answered by applying rigorous accounting principles to the problem at hand.
The failure to do so kind of leaves us twisting in the wind. Has the problem been exaggerated to induce panic and facilitate looting? Has the problem been understated to head off justified panic, or to make us think all they need is lunch money? Should our kids be taking out student loans, so as to prosper when all this blows over, or should we all be getting our passports in order? Or should we be stocking up on food and ammo?
Personal decision making is in about the same place as national decision making: We have no accurate information.