Friday, 9 February 2018

What a GOOD idea, Maynard........................from Rico

In the realm of "not a very good idea" Maynard Keynes reigns supreme.
- Keynesian economic theory is based on money that 'rots' and 'rusts'...
His 'theory' embraces a debt-based currency that "rots like potatoes" and "rusts like iron" [read: inflation] and encourages people-corporations-governments to borrow rather than save...which leaves them with no savings [duh] and only debt.
- Access to credit is not access to wealth.
- Access to credit is access to debt.
When that rainy day comes, you'll survive if you have savings [wealth] but you will not if all you have is debt.

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