The wisdom of crowds (beats the FOMC anytime)

According to FA:

Americans have a bleak outlook about both the nation’s financial health and their own, according to the 2014 American Values Survey released Tuesday by the Public Religion Research Institute.

The Ford Foundation-funded study revealed nearly three out of every four Americans (72 percent) believe the recession is still on.

Soon they´ll realize they have to call it by its rightful name: Depression!

Crowd Wisdom

HT Benn Steil

3 thoughts on “The wisdom of crowds (beats the FOMC anytime)

  1. The world’s major central banks have declared prosperity is inconsistent with price stability. They have also suggested that central bankz be given a single mandate: that of price stability.
    This is not a good situation.

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