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- 20:25, 12 September 2024 Pete talk contribs created page Economic losses and counterfactuals (Created page with "{{Main|Economic systems}} {{Main|Systems thinking}} $5.9 billion is a lot of money but probably no one actually “felt” the loss. This is usually the case with financial fraud. If someone robs our bank, we do not personally feel the effect of that. For one thing, the FDIC insures our accounts so the loss is only felt collectively. But another problem, obviously, is that much of what counts as a loss is only measurable in the future. In other words, the loss is the d...")