[quote=markmax33]
No the diffrence is you deal with the failures at the time they occur under Austrian/gold/competeing currencies and you delay it and build a bigger bubble that will destroy the entire country with Keynes. [/quote]
I’m no neoclassical economist apologist(and I don’t see much difference between Austrian and monetarist economics) but I don’t believe Keynes said blow bubbles to keep an economy going. I agree, keeping the bubble, or trying to keep going will eventually destroy the currency. I also think letting it pop now will destroy the country too – that is just the nature of bubbles and this is the biggest one in history. The whole banking system is bankrupt on many levels. The planet is bankrupt
[quote=markmax33]
Please get it right. You just want to push the pain off to your children. It’s going to hurt much worse.[/quote]
Nope – you got me wrong. I want to see the global economy collapse. But first, your theory that it will be “much worse” is faith based. Much worse than what? It’s an unprovable statement which you can always go back to a say see I told you – if the economy gets worse – which it will.
I say it will get much worse and it has zero to do with what the Fed is doing now, or at least very little.
