Keynes is full of shit. His economics doesn't work in the real world. Austrian economics does. I took economics in college and quit going to class after a month or so, because, as young as I was, I could see that the book was heading into fantasyland.
That's why every time, really every single time, you hear economic news on TV, it's always better or worse than the economists expected. They have never once in my 50+ years of seeing the news gotten anything right.
I agree. My personal belief is he just cooked up a way to tilt power to government. I mentioned him just to make the point money that is hoarded is not creating demand or contributing to inflation.
Anyone with brains is not hoarding nearly worthless paper money. The banks don't even want big cash deposits now. Most of the wealthy don't have large cash positions. They want their money to work for them.
My cash is invested in canned goods, frozen meat, etc.
Keynes is full of shit. His economics doesn't work in the real world. Austrian economics does. I took economics in college and quit going to class after a month or so, because, as young as I was, I could see that the book was heading into fantasyland.
That's why every time, really every single time, you hear economic news on TV, it's always better or worse than the economists expected. They have never once in my 50+ years of seeing the news gotten anything right.
I agree. My personal belief is he just cooked up a way to tilt power to government. I mentioned him just to make the point money that is hoarded is not creating demand or contributing to inflation.
Anyone with brains is not hoarding nearly worthless paper money. The banks don't even want big cash deposits now. Most of the wealthy don't have large cash positions. They want their money to work for them.
My cash is invested in canned goods, frozen meat, etc.