Via sda:
small dead animals: It's Probably Nothing
It's Probably Nothing
In a nutshell;
A lack of money isn't the problem: it's time to shrink - The Drum - ABC News (Australian Broadcasting Corporation)
small dead animals: It's Probably Nothing
It's Probably Nothing
In a nutshell;
Because most Western governments are insolvent, fiscal policy is dead. They maxed out their taxing power a long time ago and have been borrowing ever since. When it comes to the economy, governments are a spent force.
This has put central banks in charge, and they basically do one thing only: they print money. If all you have is hammer, everything looks like a nail, so central banks naturally think the world's problem is a lack of money, which they are busily solving.
The problem is, a lack of money is not the problem, it's solvency, and part of the reason for that is too much money, or rather, too much credit.
moreThis has put central banks in charge, and they basically do one thing only: they print money. If all you have is hammer, everything looks like a nail, so central banks naturally think the world's problem is a lack of money, which they are busily solving.
The problem is, a lack of money is not the problem, it's solvency, and part of the reason for that is too much money, or rather, too much credit.
A lack of money isn't the problem: it's time to shrink - The Drum - ABC News (Australian Broadcasting Corporation)