We’re all experts in identifying the problems (and who is to blame), but thanks to the endless intervention of central banks, former fund manager Richard Breslow warns we’ve given up looking for solutions. Why bother looking for solutions when there’s always some ‘greater power’ waiting to save the day
We all seem to be caught up in an endless loop of declaring we’re unhappy because there are so many other people ruining everything. But when asked what should we do, the decision loop points us back to “this stinks” rather than, “well if it were up to me”. Identifying complaints, we’re expert at. Coming up with solutions, not so much.
With some legitimate justification from experience, who wants to any longer be in the group making sacrifices when we know there’s always a bunch of other folks gaming the system in a ‘heads I win, tails I win’ scenario. Make it pain-free, or go away.
It’s one thing if these discussions, or lack thereof, concern pizza versus burgers. It’s another if it’s about how we run the economy, or the country as a whole, for that matter. Gridlock or decision-making paralysis only works when things are basically fine anyway.
This post was published at Zero Hedge on Jul 24, 2017.