Eagle: Charles Hugh Smith on the Failure of the Keynesian Cargo Cult

03 Economy, Commerce, Commercial Intelligence, Corruption, Government, Idiocy
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300 Million Talons...
300 Million Talons…

Dear Keynesians: Your Sad Devotion to Your Failed Religion Hasn’t Conjured Up a Recovery–Here’s Why

That any schoolkid could predict eliminating feedback and consequences will lead to a series of disastrously poor choices by speculators and imprudent borrowers doesn’t register with the Keynesian Cargo Cult.

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