|
|
|
|
|
by cryptica
1509 days ago
|
|
This hits the nail on the head. Also, all the money-printing creates extreme market distortions, inequality and injustice. It greatly increases the role of luck and social connections in financial success (due to Cantillon effects) and therefore those who end up at the top, blinded by their extreme survivor bias, tend to be overly optimistic about reality and so they are among the worse qualified to be making complex decisions on a global scale which affect the majority (who are non-outliers by definition)... I doubt anyone is qualified to be making those decisions, let alone extreme outliers who don't fully understand the magnitude of the problems. |
|