Nailed it. When people start making economic decisions based on whether their money is going to fluctuate in value from one day to the next - that is a not a good thing.
” When people start making economic decisions based on whether their money is going to fluctuate in value from one day to the next - that is a not a good thing. “
And, when enough people take the next logical step, and lose faith that ‘money’ reliably reflects value - it’s an even worse thing....
It appears to my untrained eye that the growing “Wall St - Main St” schism is symptomatic of just such a loss of faith....