Loading ...How can things get more unstable?
Global policymakers keep embarking on financial suicide missions.
Neoclassical economics is the economics of the Roaring Twenties, the Wall Street Crash and the Great Depression.
Kamikaze!
World leaders try and drive their economies into Great Depressions.
No one has really got the faintest idea what they are doing with neoclassical economics.
No one realises the problems that are building up in the economy as they use an economics that doesn’t look at debt, neoclassical economics.
As you head towards the financial crisis, the economy booms due to the money creation of unproductive bank lending, as it did in the 1920s in the US.
The financial crisis appears to come out of a clear blue sky when you use an economics that doesn’t consider debt, like neoclassical economics, as it did in 1929.
LOL, right, not the 1970s, more like a modified version of 1922-23 Weimar Germany with MMT in full effect within an increasingly Potemkin Village-like macro economy with aggressive socialism on the political horizon due to incrementally dumbed-down intergenerational demographics.