3 ms·
"If the controls we've imposed aren't working to revive the economy, it must mean we need to use new and ever more intrusive ones!"
by AndrewBissell 11y ago
"If the controls we've imposed aren't working to revive the economy, it must mean we need to use new and ever more intrusive ones!"
- toomuchtodo 11y ago“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” Seriously. You have an aging population causing consumption to decline, a global recession along the horizon, ever-increasing productivity replacing the need for labor, and you think your interest rates are going to a damn bit of good? We'll need to keep interest rates at 0 just to keep the whole thing going, forget about negative interest rates (which is going to cause a run on the bank and asset bubbles in commodities, real estate, anything else that can be a value store).