11-09-2019, 02:38 PM
(04-12-2019, 11:51 AM)Tim Randal Walker Wrote: Yes, we can expect a speculative boom during the next 3T. The greedy won't let dusty old history get in their way. Others will be naive, and easy to con because they have no personal memories of such a period.
Michio Kaku (who's field is actually physics, not economics) described this cycle. He indicated that these speculative booms are spaced roughly a life time apart.
Physicist? Chemists did much to turn economics into a science at the University of California at Berkeley by applying mathematical models applicable to chemistry and thermodynamics to economics. Thermodynamics is borderline between chemistry and physics.
If you are a clumsy lab technician in chemistry you just might find economics more to your liking.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.