Just months after almost everyone on Wall Street worried that a recession was just around the corner, Goldman Sachs said a downturn is unlikely over the next several years. In fact, the firm’s economists stopped just short of saying that the U.S. economy is recession-proof.
– December 31, 2019
The hilarious thing is that the downturn had already begun. This sort of thing is why I meant it very literally when I wrote the chapter entitled “No one knows anything” in RGD.
It is also why destroying your nation simply because the economists tell you that doing so will make everyone rich is a horrifically bad, horrifically stupid idea.