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noamnums
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Fed Stimulus Leads to Stagflation - John Browne - Euro Pacific Capital

Pushing on a string doesn't work.
But is it really keynesian what they're doing?
Isn't it more like keynesian monetarism?
They're not investing in physical infrastructure, are they?
The deficit spending is only going into the fortification of the mental construct, the house of cards, the ponzi scheme that the banking sector is involved in.
It seems to me that keynesianism vs. monetarism is a false dichotomy, similar to the dichotomy between republicans and democrats: there's no choice.

Commented 4844 days ago

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Beginning of the headline : Despite the full onslaught of Keynesian economic policies, including the injection of unheard of sums of printed money into the financial system, state sanctioned accounting tricks, negative real interest rates, massive deficit spending, and debasement of the U.S.dollar, the American economy is slipping back fast towards recession... Read More

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