08-30-2019, 08:25 AM
(08-29-2019, 09:25 PM)Warren Dew Wrote: If interest rates are below zero because the economy is shrinking, commodities like gold are likely to be decreasing in value too. Really only storing cash works in that situation.
I would hope that we're not going to copy Germany, and pretend that we can't inflate our way past this. I think we've proven that handing money to the rich is a non-starter, so next time, it will be massive public works … as it should have been under Obama. Frankly, under Trump, programs like that would be hand-outs -- both ineffectual and impoverishing.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.
