Comment on Open Thread, May 19 - 25, 2014

Fri, 23 May 2014 15:31:22 GMT

I think it's clear that you know more about what economists mean than I do, but when the typical person hears that a depression is ending, they imagine people being happier than they were before. I'm not really claiming that anyone thinks that crashing consumer spending + mass shortages = better living standards, just that the average Joe in the US hears about the depression ending and not about those negative things.

Anyway, not sure what point I'm trying to make since I think you already know what I'm saying.

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