Showing posts with label grave. Show all posts
Showing posts with label grave. Show all posts
Friday, May 3, 2019
Tuesday, October 2, 2012
Dancing On The Grave Of Keynesianism
http://www.mises.org/daily/6210/Dancing-on-the-Grave-of-Keynesianism
The welfare-warfare state, Keynesian economics, and the Council on Foreign Relations are going to suffer major defeats when the economic system finally goes down. The system will go down. It is not clear what will pull the trigger, but it is obvious that the banking system is fragile, and the only thing capable of bailing it out is fiat money. The system is sapping the productivity of the nation, because the Federal Reserve's purchases of debt are siphoning productivity and capital out of the private sector and into those sectors subsidized by the federal government.
Subscribe to:
Posts (Atom)
