Most of the assumptions on which our present economic system is based are based on nothing much better than “conventional wisdom”: which is a fancy way of saying “no basis at all, really, it just sounds plausible”. But sometimes conventional wisdom is wrong, and that’s what this series has been about: six things that ought to be impossible if conventional wisdom were correct. But if the foundational assumptions of our economy are false, then where does that leave the economy? And if it’s no longer standing on a firm foundation, then what are the new rules?
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