zlacker

>>obscur+(OP)
Great example of a golden rule of media commentary; all economic news is bad news.

Low unemployment? That's a labour shortage.

High GDP growth? The economy is overheating.

High rates of foreign investment? We are losing control of our economy.

Country experiencing historic levels of prosperity? Wealth is making everyone lazy, fat and unproductive.

>>bparso+Y9
I had never realised that. Is there an eponymous law about this? (Or some other kind of reference?)

Should I call it Parson's law?

>>317070+Yd
It's just that economies are systems with feedback loops that exist on islands of stability. Like a ball on top of a hill.

Its the same thing for your car; any news is bad news, because your car operating as normal is not news, and anything that happens will move your car away from that optimal spot - it's bad news.

>>Workac+zj
> It's just that economies are systems with feedback loops that exist on islands of stability. Like a ball on top of a hill.

OK, I get that that is indeed what makes these headlines tick, but if we take a step back. That is a ridiculous way of looking at the economy.

* historically speaking, there is no stability to be found

* I don't see how the poor in the world would support this view that "stability is good"

* in fact, I'm sure economists would raise alarms if we would have zero growth for a long time.