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OK, I'm getting pretty bored of the Everybody Panic articles. Who keeps voting them up?

I always pick up some books every time someone is giving them away for free. One of my favourites (which I unfortunately left in my old office) is called something like "The Great Depression of the 1990s" (publication date: 1989) and warns us all how terrible the 1990s are going to be.



> Who keeps voting them up?

People coming in from reddit? Those kinds of stories are tremendously popular there. "Doom! Gloom!" sells, I guess.


> Who keeps voting them up?

Perhaps economically literate people who agree with the arguments? Schiff is a little on the alarmist side, but it takes a megaphone to be heard over the geyser of bull-tard propaganda that dominates popular business discussion. You get ahead in America by joining the rah-rah chorus and people just don't want to hear bad news.

> Everybody Panic articles.

Schiff is very positive and bullish on certain countries and certain sectors. "Everybody panic" is not his theme; it's "US citizens should panic." If you paid attention to him six years ago and panicked, and moved out of USD denominated assets you're something like 50% richer than your neighbors. So who's being irrational?

> "The Great Depression of the 1990s"

What's your point? Various idiots make bad predictions all the time? So what? Might as well mention "Dow 30000". Schiff isn't an idiot. His arguments are sound.


> Perhaps economically literate people who agree with the arguments

... for some odd values of "economically literate", and who haven't caught on that this site is not for the discussion of one's pet economic and political theories.


If this post is off topic then so are almost all of pg's essays.


Most of PG's essays are about startups, hacking, and the like, although perhaps fewer have been lately. The other ones are generally interesting looks at something or another, but very rarely wacky rants about politics or economics.


>> His arguments are sound.

The production of good as the basis for an economy is dead. His argument is ignorant.

This is not an economic forum. Please post elsewhere.




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