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gfs543
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The Keynesian Counterfactual is Japan

- Michael Pento - Delta Global Advisors

Keynesian policies do benefit the powers-that-be in the near term, otherwise they'd be ditched. For the middle term there's the promise of bailouts. No one is concerned about the long term. Even if they were they'd blame it on the influence of free market commentators who somehow are intimidating the central bankers and government policy makers.

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Beginning of the headline :We heard the "surprising" news last week that the Japanese economy shrank at an alarming 6.8 percent annualized rate in the three months through June, its biggest quarterly contraction since the 2011 earth quake and tsunami. Proving Japan's greatest national disaster, Abenomics, has failed and the Japanese economy has fallen victim to the scam called Keynesian economics. Defined as the belief that a country can tax, spend, devalue and inflate its way to prosperity. Since the popping of... Read More

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