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Our “Gaslight” Economy
By Charles Hugh Smith
Posted December 12, 2016

job fairIf you don’t like what these charts are saying, please notify The Washington Post to add the St. Louis Federal Reserve to its list of Russian propaganda sites.

Yesterday I described our gaslight financial system. Today we’ll look at our gaslight economy. Correspondent Jason H. alerted me to the work of author Thomas Sheridan ( Puzzling People: The Labyrinth of the Psychopath), who claims to have coined the term gaslighting. As noted yesterday, gaslighting has often been used in the context of personal relationships to describe a manipulative person’s attempts to undermine and control their romantic partner.

In a larger context, these manipulative techniques can also be applied to our perception of the entire economy. It seems obvious to me that we are being gaslighted to forget the widely distributed prosperity of the past and accept that the stagnation of the past 16 years is equivalently prosperous–in direct contradiction to the lived experience and memories of the bottom 80%. More…