> Welchian capitalism It's a form of stock valuation chasing that's fueled by currency devaluation and inflation from government money policy. When the govern

> Welchian capitalism It's a form of stock valuation chasing that's fueled by currency devaluation and inflation from government money policy. When the government forces interest rates low (whether it's 2% but especially when it's 0), people start pushing their money into whatever equities that promise the highest rates. Jack Welch is just "selling yield". Tons of examples when this has been shown to be disastrous in history and always precedes the fall of once-great economies. Not capitalism, unless you want to call it crony capitalism which is of course downstream of government.