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I really don’t have any belief that the faults in our economy was due to easy money. Under scarce money or easy money the same class of decision makers are stil
by dv_dt 4y ago
I really don’t have any belief that the faults in our economy was due to easy money. Under scarce money or easy money the same class of decision makers are still making poor allocation choices. There are no fundamental changes associated with a recession that would correct that imho.
- cavisne 4y agoThe past few years have been great for scammers though https://www.justice.gov/opa/pr/us-attorney-announces-federal-charges-against-47-defendants-250-million-feeding-our-future https://www.justice.gov/opa/pr/us-attorney-announces-federal... There is surely some GDP gain from not ploughing 250m of taxpayers money into lambo's.
- dv_dt 4y agoThat’s not what economist means by easy money? That article is referring to a fault that is purely a function of legal and administrative regulation of programs. When economics refers to east money and recessions and interest rates it’s how easy it is for businesses to find investment and loans for expansion.
- Silverback_VII 4y agoI'm not sure about that. I see the economy as a giant engine made out of the flesh of millions of humans. The guy pushing the accelerator or not must truly feel like God hearing the roaring of this giant flesh engine and affecting the fate of so many people.