5 sats \ 11 replies \ @Peialto 26 Jul 2023 \ on: Keynesian Disease At Work bitcoin
In simple words, Monetary and Fiscal policy does not come hand in hand this time.
It never works out because they are driving the private sector out of business and are killing the productivity
reply
Obviously it wont work out, by increasing government spending for infrastructures for example will make inflation even higher. If the goverment decides to cut spending it means more businesses will feel more pain. This situation on macro is much complex compare to economic meltdown a decade ago.
reply
You're right. Will be a tough awakening when depression bytes
reply
Well just wait and see if the economy corrects itself, what i learned from my basic economics.
reply
That would happen in case of a free market economy. Are You European?
reply
No I am an Asian but now living in Europe. Yes I am referring to free market economy, mainly the west.
reply
So You know about the state of politics. We have 50-65% gov participation/GDP. There's no way they can muddle themselfes out of this mess without giving back their power to the markets. And the commies won't do it
reply
Absolutely, I know where you're coming from, it is not only the economy which mishandled but also the core values of society.