the weakonomist

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

1) If I borrow $100 to farm, then I'm paying someone $100 too.
2) Maybe I paid someone in China, but that is hardly saying it disappeared from our economy. China is kind a a big investor here.
3) Your first chart in Part III only illustrates money is moving through the economy faster. So?
4) Gold and Oil have tanked
5) Low interest rates also means the govt is borrowing on the cheap from those Chinese.
6) This recession only proves that hedge funds don't really hedge, real estate is not a risk free investment, and we're all motivated by our own greed. Like the great depression, you'll see the emergence of a generation of conservative money savers.

I know we're in trouble, but the end of Keynes Economics spells the end of capitalism. The end of capitalism spells the age of The United Federation of Planets. I don't see any Vulcans.

Go buy your gold and sit in an a-bomb shelter grandpa, I'll be at work.