>> this must be that Zero Hedge crap <<
I’ve never bothered to read Durden’s writings. The headlines and extracts on FR always seemed so nutty that he wasn’t worth my time.
Moreover, my impression of his nuttiness was definitely reinforced a few minutes ago when I saw the phrase “hyper-Keynesian, hyper-monetarist policies” in the extract for this thread.
That phrase is an oxymoron if ever there was one, a total contradiction in terms, because a policy simply can’t be “hyper-Keynesian” and “hyper-monetarist” at the same time. It’s either one or the other.
Still, in spite of the fact that Durden has a serious lack of understanding about certain economic matters, there does appear to be a looming “demographic disaster” for Japan. Even worse, the same demographic trends seem to be emerging in the USA, with marriage and birth rates now at an all-time low. I guess I’m glad that I won’t be around in the year 2115 to witness the decline and eventual collapse of our once-great nation.
Actually, the USA is both now. Large budget deficits with highly interventionist Fed monetary policy. Beyond that though - what Zero Hedge refers to are those of the central planning mentality. That government or its related organs can manipulate people and the economy to perform how it feels necessary. Some do it through fiscal policy, others try to do it through monetary policy. Either way, the attitude is the same.