Thursday, 1 August 2019

"The notion that we need inflation to make an economy grow is obscenely brainless." Bonus #QotD



"The notion that we need inflation to make an economy grow is obscenely brainless."
          ~ Vinay Kolhatkar

1 comment:

  1. From the same idiot play book as we need negative interest rates to ensure households up to their eyeballs in debt continue with their current consumption, and for god's sake we've got to stop them saving.

    Read somewhere this week somewhere upwards of 75% of Americans are living pay cheque to pay cheque, and to meet one-off bills of $400 or more they have to sell assets.

    It's all gonna go ...

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