Right now we Americans are building back up to better equilibria, slowly, by showing that our economic institutions are not totally crummy. This process can take a good while, but in fact our recovery is going better than many people believe.We are moving "back up to better equilibria"?
"[O]ur economic institutions are not totally crummy"?
What equilibria? What economic institutions? The Fed? The Treasury? The global banks?
The only thing that is going on in the U.S. right now is stop and go crazed Fed money printing and DC created crony capitalism, both of which should be flushed down the toilet. There is no equilibria (as if there ever could be). There are no sound economic institutions. The Fed and Treasury are run as though Bernie Madfoff was in charge and the major banks survive only because the Fed provides them with life support money injections.
Does Tyler not understand this?