Mike, think Noah’s Ark. We all need our version of it today.
Meanwhile we do what we can. The winners never learn.
The losers unlearn what caused them to lose in order to bounce back. Germany and World Wars I and II are case studies of this.
Apply the same logic to economics.
As the Taoists say, who is winning and losing depends on what point in time you ask the question.
Sometimes, the winners of the moment are actually setting themselves up for future failure. The USA post World War II is a prime case study. Peace.
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