Philosopher Karl Marx & his utopian views of a society where you do the work you can do and take for yourself all the things of necessity you require were pretty crazy in hindsight.
But nowhere as crazy as today's market participants, who believe prosperity can be maintained...
But nowhere as crazy as today's market participants, who believe prosperity can be maintained...
...and controlled by governments & central banks — which will never allow another major downturn or recession to occur on their watch.
If printing money out of thin air is such a great solution in the first place, why do we have taxes? Why do we aim at increasing productivity?
If printing money out of thin air is such a great solution in the first place, why do we have taxes? Why do we aim at increasing productivity?
Why don't we just spend all of our time at the beach, or in the ski resorts?
Without any work needed and always waiting for a new batch of freshly printed warm & crisp dollar notes to stimulate our over-indebted economies and pay for our never-ending deficits?
Without any work needed and always waiting for a new batch of freshly printed warm & crisp dollar notes to stimulate our over-indebted economies and pay for our never-ending deficits?
I believe historians will look back on our period, the period which started post-2007, and wonder in amazement.
They will ask how come people of today's era actually believed it was ok to have negative interest rates & to print money forever thinking it will create prosperity?
They will ask how come people of today's era actually believed it was ok to have negative interest rates & to print money forever thinking it will create prosperity?
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