@Halsrethink Bill is however subject to the 'productivity' fallacy of interest rates. That the natural rate is low because we supposedly have nothing worth investing in and hence funnelling money into (usually poorly managed) public projects would help raise it.
@Halsrethink Contra that, there are many obvious instances of the misuse of too much too easy credit in so many fields. It also overlooks that genuine productivity gains may be limited because 'hurdle' rates have been elevated by all manner of govt interventions - hardly to be cured by more!
@Halsrethink We're in a bifurcated world where the sabotage of capital markets has (a) prevented creative destruction of zombies and (b) promoted 'destructive creation'™️ of Unicorns, as well as layering debt upon debt to strip 'cash-out' gains for PE/SPAC Ichneumon parasites
@Halsrethink Against that backdrop, I hardly think that giving free-rein to vainglorious politicians and blank-cheques to central planners would be a route to greater propserity in the most propitious of circumstances.
@Halsrethink But ours is an even worse case because we face not just the issue of unlimited money, but the restriction of supply, the resort to autarky & Ersatz AND the destruction of capital on a scale unheralded in peacetime by the #ZeroCovid #NetZero #WEF Bug-eater #GreenNewDeal fanatics.
@Halsrethink Cynically, the debt overhang looming ahead of Thelma Lagarde & Louise Powell #will be addressed thru' rapid #inflation; then control asserted over the semi-euthanized Boomer by #CBDC remonetization-cum-#UBI+v@xx status+CO2 ration: Youth being all enlisted in Greta's #Green Guard.
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