No modern (say, since bronze-age collapse) equilibrium yet has been stable over very long terms. The ones which have lasted more than half a dozen generations weren’t terribly pleasant for the majority of participants.
Of course, “the market will figure it out” is almost tautologically true. WHAT it figures out is the question.
No modern (say, since bronze-age collapse) equilibrium yet has been stable over very long terms. The ones which have lasted more than half a dozen generations weren’t terribly pleasant for the majority of participants.
Of course, “the market will figure it out” is almost tautologically true. WHAT it figures out is the question.