Hmmm. Does that seem right to you? Household incomes go up a little, but the cost of having government riding on our back explodes through the roof?
I could write quite a bit about this. Ten stimulus bills in eight years. Near-zero interest rates. Sound familiar. It's exactly what we are doing, the idiocy of Keynesian economics in a balance sheet recession. When virtually free money causes bubbles, prices go too high and the bubbles pop. Then you offer more virtually free money to try to get prices back up to too high again. But now people are looking at things differently since the bubble popped, so it doesn't work...ever. The country drags it out until they are completely bankrupt and collapse. Inspiring.
Hmmm. Does that seem right to you? Household incomes go up a little, but the cost of having government riding on our back explodes through the roof?
I could write quite a bit about this. Ten stimulus bills in eight years. Near-zero interest rates. Sound familiar. It's exactly what we are doing, the idiocy of Keynesian economics in a balance sheet recession. When virtually free money causes bubbles, prices go too high and the bubbles pop. Then you offer more virtually free money to try to get prices back up to too high again. But now people are looking at things differently since the bubble popped, so it doesn't work...ever. The country drags it out until they are completely bankrupt and collapse. Inspiring.
Of course, the economic stagnation Japan suffered is still going on. It started 20 years ago and hasn't abated yet. Low interest rates, stimulus after stimulus, etc. You know the drill. We're seeing it up close and personal.
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