The time for austerity is during the boom. So no, austerity is not always wrong.
The Fed has no choice but to raise interest rates and crush the market
- Thread starter Max E.
- Start date
well spoken like the true accountant and economist. "Unrealized losses don't count, don't worry my brother". Do you see the Fed holding onto assets indefinitely? Has it ever during any of the past crises over the past many decades? There you have your answer...The reason so far losses the Fed delivered to Congress were within reasonable bounds. The losses (even unrealized) ones on the current balance sheet size will blow away anything we have ever seen in terms of scale.
but that is what Soros is preaching. In stark contradiction to his frugal life style (as long as it does not involve women) I may add...
P.S. And since when has any administration or corporation or human being for that matter ever embarked on austerity during a boom?
P.S. And since when has any administration or corporation or human being for that matter ever embarked on austerity during a boom?
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Correction: 190+ nations have fallen to Bankers. Sorry if you can't understand that. Bankers are at the top of the global Fortune 100 food chain.
Ya, and politicians NEVER run a surplus and pay down debt. Because it's in their best interest to buy votes. Which is why Keynesian economics only works on paper. Not in the real world.
No disagreement on that, but I don't think of bankers as communists.
Globalization aka Globalism is a concerted push towards Global Government. That push is coming from global Fortune 500. Harmonization of tax, trade, tariff policy and total control over regulators. That's what they want and that's what they're pushing. So yes, globalization in many respects (controlled markets, regulatory oligopolies) is far more Communist then Capitalism (free markets, free competition).
https://translate.google.at/transla..._n_6556658.html?utm_hp_ref=germany&edit-text=
IOW, they are pushing a heavily Authoritarian system. Relative to what we've enjoyed in the West for nearly 2 centuries.
They don't count when you can print your own currency.
oh my God, I almost forgot I think you were the one along the same lines who claimed Japan should never be in trouble because most JGBs are held domestically thus BOJ can solve its own problems? No further questions...