From The Daily Capitalist
''Since early 2010 I have been arguing in my reports against the core
neo-Keynesian precepts of the economic and monetary policy mainstream.
In general I have not been optimistic that, notwithstanding their abject
failure to foresee the global financial crisis, and their ongoing,
failed responses thereto, the mainstream would reconsider its views. But
some interesting developments on multiple fronts indicate that they are
doing just that. So does this represent the beginning of the end of the
flawed neo-Keynesian policies that treat debt rather than savings as
real wealth; consumption rather than investment as sustainable growth;
and money as something to be manipulated to ‘manage’ the economy? Sadly,
no. While they may realise that their policies are failing, what they
are now contemplating is an even more radical programme of outright debt
monetisation, wealth confiscation and vastly expanded central planning.
Investors must take appropriate actions to protect themselves now,
before such policies are implemented.''
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