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America in a Drugged Stupor
acting-man.com / Bill Bonner / March 1, 2017
Learning Machine
BALTIMORE – The Dow, the S&P 500, and the Nasdaq remain near record highs and are up about 10% since Election Day. Fed officials say they could raise interest rates “fairly soon.” Blah… blah… blah…
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The economy is a learning machine. So is a person. We’re not talking about the kind of faux “learning” you do in school. Much of that is negative – ideas, information, and skills that destroy or delay real learning. In fact, some people stay in school to avoid learning.
Learning can be painful, humbling, and hard. And only win-win deals teach you anything useful. Economist Adam Smith described the process more than 250 years ago. Willing buyers and sellers discover what things are worth (what someone is willing to pay).
This information directs – like an “invisible hand” – investors, producers, and consumers. Result? More wealth (or, in other words, satisfaction). This learning metaphor is more useful than we thought: How do you learn? By trying. When do you try? When you have to.
The post America in a Drugged Stupor appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/03/01/america-in-a-drugged-stupor/
