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This article is no way reflects reality. There's a reason the "money printer go brrr" meme is blowing up. There is already significant outrage about the moral h
by Apes 7y ago
This article is no way reflects reality. There's a reason the "money printer go brrr" meme is blowing up. There is already significant outrage about the moral hazard of what's being done by the fed, and the sentiment is growing. This article reeks so badly of blantently trying to control the narrative to the advantage of the elite that it's disgusting. Rather than let companies that made shitty decisions die and let capitalism operate, we're creating a horde of zombie companies that are going to plague our economy for decades.
Welcome to the beginning of the lost decades. With these policies, it's going to decades before we see any true economic growth in the US.
- caseysoftware 7y ago100% agree with everything except that this is the "beginning" - I think we're a couple iterations in already. It's just so widespread and deeper than before that people are seeing it more. 0% interest rates are purely to encourage consumption now instead of later. But unfortunately, the bill always - usually? - comes due. Unfortunately, most of the common indicators, signs, and metrics are detached from each other. Maybe they always were (Keynes vs Hayek) but now they're going opposite of where "common sense" says they should.
- mindslight 7y agoWho needs economic growth when we can just lower interest rates to make The Line keep going up? It's been working over the past few decades...
- cvlasdkv 7y agoIn a sense if we can collectively agree that the future will be better... we're all fine. We are in a crisis but there is really no reason that if the world stopped improving _today_ we would not be fine as a species. Good, even, if we redistributed wealth from hoarders. Alas, said hoarders are the ones who make everyone else believe that The Line means more than anything else.
- deusexepsilon 7y agoI was in the front row this week talking about the growing resistance to the US government. That's the most powerful time in recent years, an hour. It's a "answer," people who have already died because they're paid don't die. They put the lives of millions of other people on their books, and they're just taking their money to buy the goods. My dad was a retired lawyer who spent the decade of 1995 caring for elderly retirees who need help. My mom, now 75, and her husband had their hearts broken out in the way as they tried to save a little money.