Why the whole banking system is a scam - Godfrey Bloom

Off with their heads
renatojjsays...

I'd say only a bad economist would think quantitative easing is, indiscriminately, a good thing.

A bad economist is someone who disregards the long term consequences of an economic act or policy, or who only considers the effects on one group of people, and not of every group involved or affected.

There's a lot of incentive for perpetuating bad economics, it justifies policies that benefit a group of people at the expense of another, or one generation at the expense of the next.

Keynes summed it up best himself, "In the long run, we are all dead", which I think is a truly sad and insightful admission of how bad an economist he really was.

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