housing bubble – Green Social Thought https://www.greensocialthought.org Produce less. Distribute it fairly. Create a greener world for all. Thu, 22 Feb 2024 04:47:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.greensocialthought.org/wp-content/uploads/2021/07/cropped-ggef_logo_small-1-32x32.png housing bubble – Green Social Thought https://www.greensocialthought.org 32 32 The Robots Taking the Jobs Industry https://www.greensocialthought.org/biodiversity-biodevastation/robots-taking-jobs-industry/ Sat, 16 Feb 2019 14:53:15 +0000 https://gst.riz-om.network/reprint/robots-taking-jobs-industry/ by Dean Baker

There is an old saying that the economy is too simple for economists to understand. There is plenty of evidence of this all around. After all, almost no economists could see the $8 trillion housing bubble, the collapse of which gave us the great recession. Back in the stock bubble days of the late 1990s, leading economists in both political parties wanted to put Social Security money in the stock market based on assumptions of returns which were at the least incredibly implausible, if not altogether impossible.]]> by Dean Baker

There is an old saying that the economy is too simple for economists to understand. There is plenty of evidence of this all around. After all, almost no economists could see the $8 trillion housing bubble, the collapse of which gave us the great recession. Back in the stock bubble days of the late 1990s, leading economists in both political parties wanted to put Social Security money in the stock market based on assumptions of returns which were at the least incredibly implausible, if not altogether impossible.

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