From Gold Standard Now
''In the film A Few Good Men, Colonel Nathan Jessup (Jack
Nicholson) famously tells the military court: “You can’t handle the
truth!” Today, politicians and policy makers seem unable to handle the
truth – the prospect of little or no economic growth for a prolonged
period. They refuse to acknowledge that expansionary fiscal and
monetary policies may only provide temporary palliative relief, but
cannot restore the health of the real economy.
Recent economic growth was driven by financialisation of the economy,
primarily the use of debt to create demand. It also relied on allowing
degradation of the environment and mispriced non-renewable natural
resources, such as oil and water.''
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