America Needs A Good, Old-Fashioned Economic Depression, by Jay Kawatsky

If for this reason alone, you need to vote for #Trump2016

There is a financial crisis underway and #killary does not have the skills needed.

STRAIGHT LINE LOGIC

Nobody likes depressions, forest fires, or hangovers, but they have their uses. From Jay Kawatsky at nationalinterest.org:

Describing what he called the “crack-up boom”, Ludwig von Mises, the great Austrian economist, said:

The boom cannot continue indefinitely. There are two alternatives. Either the banks continue the credit expansion without restriction and thus cause constantly mounting price increases and an ever-growing orgy of speculation – which, as in all other cases of unlimited inflation, ends in a “crack-up boom” and in a collapse of the money and credit system.

Or the banks stop before this point is reached, voluntarily renounce further credit expansion, and thus bring about the crisis. The depression follows in both instances. (emphasis added)

Although it would be the wiser policy, there is no evidence that the world’s central bankers have the wisdom, either individually or collectively, to select the second alternative. More specifically, they lack “the courage…

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Author: Lisa the Infidel

I am an #Infidel - born and bred North Carolina.

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