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Verminski, I agree with your views wholeheartedly. Very much on...

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pierogi

5,647 Posts.

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04/04/20

11:42

Post #: 43876217
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Originally posted by Verminski: ↑

The dividing line and why monetarists don’t align to Keynesian thinking is because it doesn’t fit the agenda to ‘swindle’ those dollars.

Theory is one thing but entwine monetarism with market deregulation (Bernanke and Greenspan inspired amongst others) and what do you have? A land of glorious bubbles where they burst in ever increasing intensity.

This was a plot, concocted and developed by out of control economists and desperate Pollies looking for answers (and a dollar or two). It is where we are today.

As @Scarpa explains in his very good post from a previous thread, we have created another untenable bubble, but this time a pandemic popped it for us. Oh dear. Outcome? Let’s wait and see, but it won’t be quick fix this time.

Time we started being less laissez faire and more on the ball under a proper organised economic plan of our own and not driven by the false prophet that is Wall St/London driven.

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Verminski, I agree with your views wholeheartedly. Very much on your page.

Lets call it the feral offspring of Keynesianism. Milton Friedman took it into that severe libertarian Ayn Rand fantasy which has caused so much harm.
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