see post 93 for direct refutation of your linkage analysis as being a “fact”. If the same fundamentals don’t exist, then historical analysis is useless.
Right, if it somehow doesn't make sense to us then the historic records don't matter. There are a lot of economists who take that view, they'll say things like "well, that's all well and good for every day life, but how long do you think that idea would last in theory?"