Quote:
Originally Posted by Howitzer
I was reading the bond page today and the experts are baffled as to why we are still experiencing deflation despite the massive government influx of money.
Keynsians 1 - Supply Side 0 1st quarter
I am a Keynsian BTW, I don't think perfect capitalism can exist.
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I guess they haven't realized that as big as the Gov't infux of funds has been, especially in relation to historic comparisons, it is puny compared to the contraction in overall credit. The efforts to make up the difference could be likened to trying to refill Lake Mead with a single fire hose if the Hoover Dam ever broke.
As for the Keynesians, I don't think perfect capitalism has ever been tried.