Because it gets them rich. That’s why (((Keynes))) invented it, and why it was adopted.
Because it gets them rich. That’s why (((Keynes))) invented it, and why it was adopted.
Previously, I wrote about money, currency, fiat, Gold, crypto, derivatives, inflation, collapse and mentioned Keynesian economics. I didn't go into any detail about. It is essentially the Broken window fallacy (economicshelp.org) Governments redirect capital currency to theft and unnecessary social engineering for political gain. Society becomes worse off rather than better. In my own post, I claim going back to the gold standard will solve all of this because currency will have real value, thus the owners of the currency won't be willing to lend their assets to destroy society.
Previously, I wrote about [money, currency, fiat, Gold, crypto, derivatives, inflation, collapse](https://poal.co/s/Finance/486736) and mentioned Keynesian economics. I didn't go into any detail about. It is essentially the [Broken window fallacy](https://www.economicshelp.org/blog/150529/concepts/the-broken-window-fallacy/) Governments redirect ~~capital~~ currency to theft and unnecessary social engineering for political gain. Society becomes worse off rather than better. In my own post, I claim going back to the gold standard will solve all of this because currency will have real value, thus the owners of the currency won't be willing to lend their assets to destroy society.
(post is archived)