Pandemic Spasm to Great Inflation
摘要
Alex Pollock in his brilliant short tome “Finance and Philosophy” writes: So the future is unknowable, we’re confused by the present, and we misinterpret the past—at least in finance and economics if not real science. Well within a year of its publication date (2019), great surprise hit again, with the emergence of the COVID-19 pandemic. Surprise does not mean a black swan—or otherwise put, a total bolt from the unknown. Thinking and skilfully imaginative individuals may well have thought there was some finite possibility of a great pandemic occurring, albeit sketched in very hazy terms.