Millions of abortions will be the downfall of the American economy. Over 60 million future workers and taxpayers have been exterminated. They will be sorely missed.
”One way to get there would be to reconstruct our whole monetary system say, eliminate paper money and pay negative interest rates on deposits.” The other way might be to avoiding discouraging “irresponsible lending and borrowing at a time when more spending of any kind is good for the economy.”
Which did they choose?
This may sound outrageous to the layman but it is all in a days work in a discipline where burying currency in coalmines and faking threats from space aliens is good policy.
annnnnnnnnnnnnnnnnnd the space aliens.
https://www.youtube.com/watch?v=jaED2ErdIv8
Thanks globalism...
The reason it did not grow and we have the prof is becasue an avowed Marxist was in charge and was fundamentally changing America.
ACA and Dodd Frank ruined the recovery. Giant programs with massive lines of regulations destroyed any business from investing. I was in Real Estate in the build up and the crash and then Dodd Frank to fix it, they made it so much worse. Everyweek I would hear of delays in closings because the title companies were trying to comply with the new financial regulation, a certain figure on a certain line in the closing statements. Re writtin 5 or 10 times. The title companies had to hire expensive programmers to reprogram the new regulations to fit the Marxists. It was insane and so expensive for them, I hate The Dems for ruining these two huge industries.
A couple problems. One, the idea that government can stimulate the economy is part of the Keynsian/Galbraith leftist economic movement - and is totally nonsense.
Secondly, the article is talking in absolutes. So, yes, as the population decreases we should see less absolute growth. I wish the media and governments would go back to talking about “GDP per capita”. Of course if the population rises 3% you would want to see 3% GDP growth - just to keep even.