If You Prop Up an Artificial Economy Long Enough, Does It Become Real?
Does carefully nurturing a facade of health actually lead to health? No; all it does is perpetuate a destructive illusion.
The policy of the Status Quo since 2008 boils down to this assumption: if we prop up an artificial economy long enough, it will magically become real. This is an extraordinary assumption: that the process of artifice will result in artifice becoming real.
This is the equivalent of a dysfunctional family presenting an artificial facade of happiness to the external world and expecting that fraud to conjure up real happiness. We all know it doesn’t work that way; rather, the dysfunctional family that expends its resources supporting a phony facade is living a lie that only increases its instability.
The U.S. economy is artificial in three important ways: