> when you have highly tweaked efficient systems, they are not
> vary adaptable to changes in the underlying fundamentals,
Something similar is going on with monetary policy today. Before
cheap communications the Fed could say, "oops! We had no IDEA we were
in a recession! Shocked SHOCKED!"
The oligarchy is trying to hold off the inevitable democratic
revolution but the more they lower wages, the more sensitive the
public is to unemployment so while 12% unemployment was acceptable
back in 1982, only 6% was acceptable 10 years later and now even 4% is
unacceptable.
The democratic revolution cannot be stopped but they can make things
worse for themselves as well as everyone else and that is what they'll
do.
Bret Cahill