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July 17, 2017

The Economics Profession Is Bankrupt from a Values Standpoint (Video)

By EconMatters


We discuss why Macroprudential Regulation after such distorted Central Bank Policy Measures is a complete absurdity, why the Economics profession is corrupt to the core from a value and ideas standpoint, and why artificial markets always lead to disastrous results in the end. If you want wages to rise just have the central banks buy up workers, and put them on their books like bonds! The Monetization of the Debt model relies on Money Printing and Needs High Inflation to sustain the current Ponzi Scheme Loop for as long as possible. The Debt Model fails at the Household level, Business Level, and Government level; until economists get this notion inculcated in their little brains, there is no hope for the profession as a rational coherent enterprise for study and practice, let alone deciding monetary policies for the entire global financial and economic system!



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Item Reviewed: The Economics Profession Is Bankrupt from a Values Standpoint (Video) Rating: 5 Reviewed By: EconMatters