Where do they get these ideas? What makes anyone think you can solve the problem of excess debt by lending people more money? Who is dumb enough to think that you can cure the problem caused by too much spending…by spending more?
Who's that dumb? Well, most of the world's leaders and top economists…or so it appears.
They have their claptrap theories, of course. But theories don't really count for anything. We've seen that. They all believed in the free-market…right up to the moment the free-market seemed to be failing. Then, they believed they had to "do something" to protect people. Protect them from what? Protect them from getting what they deserved!
Congress, bailouts and other idiocy.
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