When decades happen A Quote by Vladmir Lenin There are decades when nothing happens, and then there are weeks when decades happen. The Wile E. Coyote Effect timechange
You cannot consume what is not produced The only law of economics that I believe in is Hamming’s law: “You cannot consume what is not produced.” There is not another single reliable law in all of economics I know of which is not either a tautology in mathematics or else sometimes false. Richard Hamming, The Art of Doing Science and Engineering: Learning to Learn Scientific writing economics