Why does Paul remind me of an Economic Global Warming-esque alarmist? He takes short term changes and tries to create long term projected trends that are molded to his premise, completely ignoring the long term historical trends.
“Why does Paul remind me of an Economic Global Warming-esque alarmist? He takes short term changes and tries to create long term projected trends that are molded to his premise, completely ignoring the long term historical trends.”
Long term historical trends show exactly what happens when Keynesian solutions are used.
The long term historical trend is that the FED has depreciated the dollar by about 98.5%, if he reminds you of “an Economic Global Warming-esque alarmist”, it’s only because you’re in dire need of a clue...
Hmmm, how about the 95% decline in the value of the dollar since 1900? Is that long-term enough for you?
Governments destroy the value of their currency. They do so in order to finance expansion abroad and bread and circuses at home. They just do. Thats not a trend. Its historical fact.