06-26-2016, 06:42 PM
(06-26-2016, 11:03 AM)Kinser79 Wrote: Most people in economic distress don't even know what a divan is. Besides fainting couches went out of fashion several decades ago. In any event I don't predict that MMT will be of much use now. The Fed has been talking about negative interest rates which actually destroys the concept of money itself.
https://mises.org/blog/dumb-and-dumber-%...pter-money
I've become convinced what we need to do, what we should have done from the start was to let the whole works crash and burn. Trying to prop up a system so fragile will only make the inevitable failure that much worse.
I have been saying this for years since this sleigh ride started about eight years ago. I see you have been studying real economics.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises