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Cours Or & Argent
overtheedge
Membre depuis mai 2012
680 commentaires - suivi par 6 personnes
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A laissé un commentaire sur l'article :
>The nonsense behind state intervention - Alasdair Macleod - Finance and Eco.
We dare not forget that government spending rarely goes towards viable wealth creation.

Governments no longer have the ability to balance their budget. Yet folks assume that this same government can determine the required amount of currency needed to be in circulation. And by what means is the government going to balance the spending habits of an entire population against the local demand?

Economics always starts in the home. Of course the evidence strongly supports the notion that in the home is where it got broken. And all government spending is just an insurance scam. Everything from invasion insurance to Social Security to price supports for sugar or peanuts.

However the households that have failed economically will become just part of the mob mentality and destroy infrastructure and wealth rather than ever accept personal responsibility for their failure.

We have a "Catch-22" scenario. The "State" is forced to financially support the rabble by shoveling new currency into the system or the rabble will eat the "State". There is an apt word for this monetary intervention: Mitigation.


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Début de l'article :Both Keynesians and monetarists believe that increased government spending, or more money injected into the economy, is sometimes necessary. The intervention is in the form of unfunded government spending, artificially low interest rates to boost demand for money and bank credit, or a drive to make the currency “competitive” by lowering it. These methods have been tried unsuccessfully time and again, and they must be denounced if we are to understand our true economic condition. The reason they... Lire la suite
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