Every time someone reads this blog an angel gets its wings. - Zuzu, the Elder
Thursday, October 16, 2014
The state of monetary policy in the world: Katie Bar the door the money is flooding out
We've been trying to treat structural, microeconomic problems with monetary stimulus. It's like giving a man with congestive heart failure viagra after viagra to pump him up when what he needs is a new heart. It accelerates the end, it doesn't retard it. Our leaders are so in love with their corporatist authoritarianism that they refuse to countenance actual reform. They just keep pouring stimulus down our throats until we choke to death. Insane.
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