Maybe the End is NOT Nigh
This piece ties in with the Post below by Jamesbrrando regarding why maybe we are on the Cusp of a new Bull in Everything…comments from those with economic degrees welcomed
This piece ties in with the Post below by Jamesbrrando regarding why maybe we are on the Cusp of a new Bull in Everything…comments from those with economic degrees welcomed
I wonder if my post is somehow showing as Jamesbrrando? Strange. Anyway, we living in a grand economic experiment here and now. If what Gary Anderson says can prevent the economy from collapsing in the long run, then I will consider a conversion to Keynesianism. Until that happens, I’m thinking that we’ve come close to the end of our rope, and that the money machination and lever pulling days are numbered.
What Gary is suggesting is more moving and shaking of the money tree. No real production of goods, no productive capital investment, no sustainable economic growth; just another attempt to create more money out of money that was created ex nihilo by central banks. If this theory could really work, then we will have, in my opinion, created a veritable utopia because the method could be extended ad infinitum to essentially finance all of the world’s ills.
My Mistake James
Interesting take