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As a student of the Austrian economics model, I say thank God Keynes' heavy intervention model was never fully adopted. Meddling in markets makes for more volat
by jackhack 9y ago
As a student of the Austrian economics model, I say thank God Keynes' heavy intervention model was never fully adopted. Meddling in markets makes for more volatile reactions when the markets finally correct -- and they always do. market forces are intrinsic and can only be ignored (or papered over) for so long.
https://seekingalpha.com/article/2826066-keynesian-vs-austrian-economics https://seekingalpha.com/article/2826066-keynesian-vs-austri...
Bonus topic: For those who are not aware, the Federal Reserve is not a branch of government. It is a cabal of international banks, formed in a secret meeting of world banking leaders travelling under false names, at Jekyll Island, South Carolina, and voted on in a christmas-eve session of congress in 1913 when many members had already left for home (so a majority was easier to achieve). They are absorbing the wealth of the world through inflation.
Andrew Jackson was right -- a den of vipers and thieves, indeed.
https://en.wikiquote.org/wiki/Andrew_Jackson https://en.wikiquote.org/wiki/Andrew_Jackson
- oldcynic 9y agoAusterity and letting the markets get on with it is far from always successful. Look at the UK's economy since '08. It didn't get us out of the Great Depression either. Agree more fully on your den of vipers topic - but that rather reinforces that markets are not fully free or fair. Homo Economicus is, after all, very different from Homo Sapiens. :)