DAS KAPITAL: The Keynesian Cult Has Failed, “Emergency” Stimulus Is Now Permanent – By Charles Hugh Smith

RIELPOLITIK

Source – charleshughsmith.blogspot.ca

“…Can we finally admit that eight years of following the Keynesian coloring-book plan have not just failed, but failed spectacularly, and not just failed spectacularly, but made the economy even more vulnerable and fragile, as more and more future income must be devoted to service the skyrocketing debts?”:

The Keynesian Cult Has Failed: “Emergency” Stimulus Is Now Permanent – By Charles Hugh Smith

Can we finally admit that eight years of following the Keynesian coloring-book have not just failed, but failed spectacularly?
What do we call a status quo in which “emergency measures” have become permanent props? A failure. The “emergency” responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures. Everyone knows what would happen if the deficit spending, money-printing, zero interest rates, shadow banking, asset purchases by central banks and all the rest of the Keynesian Cult’s program stopped: the…

View original post 1,623 more words

Advertisements

One thought on “DAS KAPITAL: The Keynesian Cult Has Failed, “Emergency” Stimulus Is Now Permanent – By Charles Hugh Smith

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s