This Game is so Rigged

The Downfall of Keynesian Economics and the U.S. (Part 3 of 3)

While I agree with almost everything you've written - the facts prove otherwise during this latest crisis. The dollar has strengthened to levels not seen in years...and gold has sold off. Treasuries are so strong, they've actually moved to negative yield. None of this supports your very logical argument.

The Great Consumer Crash of 2009

Very comprehensive. But I think Quinn does not give enough credit to the average indebted American citizen. Why would they save when the government devalues their savings by 3-7% per year? M3 has doubled over the past 10 years - and even if you take out the overly exaggerated GDP, it's still a devaluation of 50%. It doesn't make any sense to save dollars, and the average person doesn't know any other way to keep their earnings.

Can a massive “readjustment” be far off (e.g. the UK in the 1949 and then again in '67)?