It’s feels like all of society are in a collective mass psychosis greed pyramid scheme right now.
I assume it felt like this in May of 1929.
Replies:
5
Boosts:
4
@thomasfuchs calling all know- and/or have-thought-about-it-mores out there: are there any known ways to dampen these flare-ups? (like that were as relevant 2k years ago as today)
like not with a particular outcome in mind, just like day-to-day tricks ("a trick used twice is a method") that dampen the oscillations toward ~mass psychosis...?
It's just business as usual for humans. Those in the US have excelled at this kind of thing:
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
But the Tulips are so pretty.
@thomasfuchs I’ve been doing some air travel the last few weeks. The theme of this trip has been entitled people and workers who assume the worst.
@thomasfuchs
Stock prices have reached "what looks like a permanently high plateau," Irving Fisher, Yale economist, told members of the Purchasing Agents Association at its monthly dinner meeting at the Builders Exchange Club, 2 Park Ave, last night. Professor Fisher spoke on the subject of investment trusts and presented a defense for them against recent attacks in which they have been charged with responsibility for many present evils.
– New Your Times, 1929-10-16
