> If we exaggerate the present and future value of the stock market, then as a society we may invest too much in business start-ups and expansions, and too little in infrastructure, education, and other forms of human capital.
Robert Shiller, Irrational Exuberance
Populism is here to stay (both of the left kind and of the right kind), until the root cause is addressed: income inequality. It's reprehensible to have life expectancy decreased in a first world country. In fact, because this is happening perhaps we should contend with the fact that America may be, as of recently, a third world country? There's a reason why Ray Dalio, the most successful hedge fund manager of all times calls this problem "a national emergency" that may be "an existential risk to United States".
Robert Shiller, Irrational Exuberance
Populism is here to stay (both of the left kind and of the right kind), until the root cause is addressed: income inequality. It's reprehensible to have life expectancy decreased in a first world country. In fact, because this is happening perhaps we should contend with the fact that America may be, as of recently, a third world country? There's a reason why Ray Dalio, the most successful hedge fund manager of all times calls this problem "a national emergency" that may be "an existential risk to United States".