by Summary:
Future Economic Collapse Ahead?
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Steve Keen considers the following as important:
This could be interesting, too:
Future Economic Collapse Ahead?
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Future Economic Collapse Ahead? |
Just goes to show hiw wrong economists can be. Whenever the money supply (government spending) exceeds the growth of the real economy you have a surplus of cash and inflation. Any GDP figure that invludes government spending is disingenuous.
This logic can also apply to bank financing and it's effect on real estate prices. If additional housing is needed, by all means build more housing but do not participate in speculation on existing properties.
95% of money supply comes from the private banks, not the government. They are the source of inflation.
He was right – they wanted to rise to that rate and they have pushed it to a point that’s causing more pain than good. I know we need the “churn” but at what cost? Lost homes, businesses, jobs, productivity… it’s too blunt of an instrument, PARTICULARLY since 2016