Standard Deviations with Dr. Daniel Crosby cover image

Dr. Ben Hunt - Understanding the Metanarrative's Subtext: A Guide to Hidden Meanings

Standard Deviations with Dr. Daniel Crosby

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Is It Possible for a Nation to Be Richer Than Its Economy Grows?

"I do not believe it's possible for a country, a nation, to be richer than its economy grows," he says. "That was a very conscious decision by Alan Greenspan and others as Ted Chair of the Fed" He adds that such policies make us feel rich even though they don't have an impact on actually growing the economy at all. The last 25 years has reflected in extension of credit for everything, which is now true everywhere, writes Obama.

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