The Folly Of America’s Printing Press LBO, Part 3
In Part 2 we referred to the massive amounts of excess debt generated by what amounts to Keynesian monetary central planning as being Brobdingnagian in aspect. And we intended no…
Written byDavid StockmanSource: David Stockman's Contra Corner
In Part 2 we referred to the massive amounts of excess debt generated by what amounts to Keynesian monetary central planning as being Brobdingnagian in aspect. And we intended no hyperbole. In fact, using the 1955 Golden Era’s ratio of total public and private debt to national income (GDP) at 1.4X, here is the build-up […]
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