Loading ...A simple belief takes hold.
I believe in free markets.
The next step.
Rising markets must indicate real wealth creation.
The next thing you know your economy is a ponzi scheme of inflated asset prices.
Do you remember the US did the same thing in the 1920s?
The use of neoclassical economics, and the belief in free markets, made them think that over-inflated asset prices represented real wealth accumulation.
“Everything is getting better and better look at the stock market” the 1920’s believer in free markets
1929 – Wakey, wakey time
The central bankers are trying to prop up a global ponzi scheme of inflated asset prices.
When this bubble bursts, we’re fucked.