LDOTR: Jason Lewis
I tuned yesterday afternoon and heard fill-in host Jason Lewis espouse the thing that I've been preaching here – that Government intervention merely delays an economic problem from resolving itself.
Since a talk radio guy was preaching this, I expect it to be ignored. We'll probably a be getting stimulus checks this year. I hope the value of the dollar holds up, so that those checks are worth something!
He also said, "Deflation is good … Look at the price of gasoline."
Unfortunately, the egg-head Bernanke believes in maintaining slight inflation. Academics basically believe deflation is evil, and low inflation equals stability.
Well, deflation is useless if the value of your currency drops. The way the Fed is printing money these days, that's bound to happen at some point.
Then the egg-head will have hyper-inflation … Which means rice and beans for us, while Bernanke and Obama dine on meat and talk about how miserable we all are.
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mmmm…rice and beans. Looks like America will be having the Hospitalian Diet next year. I recommend eating cold beans from the can for maximum misery.
Sounds like the Rorschach diet. “Slurp. Slurp.”
Somebody’s killing superheroes.
A Specific Application of Employment, Interest and Money
Abstract:
This tract makes a critical analysis of credit based, free market economy, Capitalism, and proves that its dysfunctions are the result of the existence of credit.
It shows that income / wealth disparity, cause and consequence of credit and of the level of long-term interest-rates, is the first order hidden variable, possibly the only one, of economic development.
It solves most of the puzzles of macro economy: among which Business Cycles, Stagflation, Greenspan Conundrum, Deflation and Keynes’ Liquidity Trap…
It shows that no fiscal or monetary policy, including the barbaric quantitative easing will get us out of depression.
It shows that Adam Smith, John Maynard Keynes, Karl Marx and Alan Greenspan don’t contradict each other but that they each bring a meaningful contribution to a same framework for understanding macro economy.
It proposes a credit free, free market economy as a solution that would correct all of those dysfunctions.
In This Age of Turbulence People Want an Exit Strategy out of Credit, an Adventure in a New World Economic Order.
Read It.
http://edsk.org/