British economist John Maynard Keynes (1883-1946) is well known for his views on monetary policy. The printing-press approach he forwarded is widely used today, even as especially as the world-wide Ponzi scheme nears its end. My favorite line from Keynes:…
The Economist finally showed up for the party, admitting late last week “the worst economic performance in 26 years could still be described as better than expected.” Yep, the vaunted hyper-conservative journal of record for the hyper-conservative financial sector finally conceded the economy’s in the tank and, calling it a recession, “this one is getting worse.”