Excellent commentary! Yes, all humans are lazy thinkers. Science indicates that we think with our implicit mind 99% of the time. The implicit mind is sub-cortical thinking that is reflexive and based on cultural bias assimilated since birth. Few individuals can summon the neocortex to perform explicit thinking or original thought. It demands rigor to avoid biased cognition that occurs naturally and is comfortable for our psyche. Read "Blind Spot: Hidden Biases of Good People" to further explore this collective human weakness.
@LeopoldHeinrich Oil is plentiful and extraction has benefited from technological advancement. Gold is sparse and more valuable as central banks have devalued currencies. Economics and all markets are dynamic.
@lindayaX@elonmusk No sure anyone else would have steadied the ship as ably as you. Your sure hand on the wheel and decision making at the helm were exemplary.
@ConvexValue Thank you! I have covered the educational content and it is excellent. My problem is when the Flow module lists option contracts with high OICH. The option contract shows in the box above the Flow list and won't populate the underlying in the Joy module.
@BenKizemchuk Excellent mind-bending commentary! I would love to see a deeper discussion on these theories with Warren Mosler and Michael Howell (Capital Wars). There is commonality in the notion that old macroeconomic doctrine is being challenged, or rendered obsolete since Covid.
@tedcruz@elonmusk Absolutely correct! If a citizen were to pay taxes in cash, it would be destroyed after crediting it to their tax ID. In turn, all government expenditures are created out of thin air.
Karoline, I thank you for your important role in restoring American prosperity, strength and credibility. Consider informing correspondents that the stock market is a poor reflection of current macroeconomics. It is simply a discounting machine for perceived future cash flows. Deriving future cash flows is not a science, it more comparable to a craft.