Doubt is a Cloaking Device Hiding the Future
There’s a crisis ahead. Avert your gaze, if you dare.
“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”
This well-known quote by a respected economist, which I encountered only recently, forced me to stop and think about the implications. (I was gobsmacked, actually.)
Dornbusch was referrin…
