Finance
Folks, folks, folks.
Finance is just Law, nothing else.
You need cash flow to prosper, meaning you need real output to prosper.
Cash flow = Real Ouput
In Soviet Union anybody had a home. In Greece anybody owns a home. In Romania, Albania, the same.
1/2
Folks, folks, folks.
Finance is just Law, nothing else.
You need cash flow to prosper, meaning you need real output to prosper.
Cash flow = Real Ouput
In Soviet Union anybody had a home. In Greece anybody owns a home. In Romania, Albania, the same.
1/2
But, Soviet union, Greece now, Romania and Albania have little real output, hence little cash flow.
Greeks understood that in 2012 Greek financial crisis. They had homes, but they had no cash flow.
Folks, homes are not edible, neither can be used as fuel.
2/3
Greeks understood that in 2012 Greek financial crisis. They had homes, but they had no cash flow.
Folks, homes are not edible, neither can be used as fuel.
2/3
Folks, you need Production or Imports to maintain prosperity, nothing else.
Finance is just Law, it's just digits on computers which can be changed instantly.
And that is why I keep insisting to Matt @matthewstoller that entitlements will be cut inevitably.
3/4
Finance is just Law, it's just digits on computers which can be changed instantly.
And that is why I keep insisting to Matt @matthewstoller that entitlements will be cut inevitably.
3/4
Production is lower. Imports are lower.
It is physically impossible NOT to cut entitlements.
They will be simply self cut erratically, rather than congress doing it as proper redistribution.
You can't consume what is not produced.
4/4 end
#krisonomics
It is physically impossible NOT to cut entitlements.
They will be simply self cut erratically, rather than congress doing it as proper redistribution.
You can't consume what is not produced.
4/4 end
#krisonomics
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