Too big to jail and no penalty for ‘moneycide’: our economy after the Great Vaporization
When governments reflate an economy after a financial crisis, a market crash and a recession, we are supposed to get higher inflation and the values of reflated currencies are supposed to go down. Interest rates are supposed to go up. This is what many economists continue to tell us. But none of this is happening – we are into the fifth year and still waiting. What’s happening? I am going to try to provide a different answer to this question since economists don’t seem to be doing too good a job. They don’t seem to want to talk about money getting killed even though it is the missing piece of the puzzle. I don’t know why economists won’t talk about it but since I am not an economist, I am…