There is no such thing as an expert of the future, no matter the underlying knowledge about a specific technology
Complex dynamic systems are inherently unpredictable and creative
Stop believing arrogant and senseless predictions
No one know what will happen
Warsh facing criticism for doing exactly what he said he was going to do. Optimistic about the framework. Let the market discover prices and allocate capital accordingly. Relying on its self-clearing feedback loop is what ultimately bring prosperity over the long-term
Not too far but still too early
Regime hard to break with interchangeable narratives available
Whether resilience or complacency do not matter
The signal is not immediate and the balance is not shifted yet
Spending is dictated by wealth effect and individual employment
What ultimately matter is money availability, not feeling about the economy
And marginal changes do not affect the aggregate