Economics is exact enough :-)

Economics is exact enough :-)

Actually economics is pretty close to "exact" science like thermodynamics. You can not predict exact direction of it but you can find limits. Reaganomics started the spiral when insolvent companies were artificially kept alive when it looked like enough of them can go bankrupt and crash the economy. It was done using quite simple yet effective instrument - but it does not work anymore. If you compare numbers it's easy to see that a lot of "wealth" must evaporate. There are a lot of ways to go, but "up" is not in the cards: you can decide who will go bankrupt and when, but you no longer have the ability to keep all of this imaginary wealth around.