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While [printing too much money] might make the current recession relatively short and mild ... That is by no means assured. Right now, we are in truly uncharte
by sridharvembu 18y ago
While [printing too much money] might make the current recession relatively short and mild ...
That is by no means assured. Right now, we are in truly uncharted territory economically. My prediction is that theories are going to be rewritten.
- rast 18y agoMy prediction is that the old theories will prove perfectly adequate to describe where we're going: But, though we had plenty of money, there was nothing our money could buy, And the Gods of the Copybook Headings said: "If you don't work you die." http://www.olimu.com/readings/GodsOfTheCopybookHeadings.htm http://www.olimu.com/readings/GodsOfTheCopybookHeadings.htm