It has been 50 years since President Nixon proclaimed that “We’re all Keynesians now.” The outcomes of permitting authorities (by way of its central financial institution – The Federal Reserve) to create {dollars} out-of-thin-air have now been produced. Decade after decade we expertise relentless inflation, coupled with an growth within the dimension and scope of presidency, the likes of which humanity has by no means seen earlier than. The Keynesian dream is coming to an finish.
Source link